Lumen Technologies Inc

LUMN remains in a Stage 4 decline with clear medium-term bearish control. Short-term price is extremely oversold and extended well below declining EMAs, making fresh sells untimely. We will defer further selling and look to trim into any relief rallies up to the falling EMAs and intermediate resistance zone for higher-probability entries.

• ↑NAS adoption up 25% QoQ, highlighting strong market uptake
• ↑Alkira buy expands east-west cloud networking and enterprise reach
• ↓Total revenue down 3.2% YoY, legacy services continue erosion