Fabrinet

FN is entrenched in a Stage 4 decline following a decisive support failure, trading below declining EMAs and the 50-DMA with rallies consistently rejected at these levels. Distribution volume and expanding down-move ranges underscore bearish momentum despite extreme oversold readings, warranting selling now on any counter-trend bounce.

• ↑Record revenue $1.214B (+39% YoY) signals robust demand
• ↑Non-GAAP EPS $3.72 (+18% YoY) demonstrates strong profitability
• ↓Datacom supply bottlenecks cap production and revenue growth