Palomar Holdings Inc

Following a sharp breakout from an early Stage 1 consolidation, price printed a terminal Blow-Off Top at extreme overbought levels with a large rejection candle and heavy volume. This exhaustion pattern signals medium-term downside risk despite the underlying long-term uptrend, and short-term conditions now favor bearish execution. We will sell now at the recent high/resistance region anticipating a corrective pullback.

• ↑Gross written premiums rose 42% YoY to $629.8M
• ↑Combined ratio at 76% shows disciplined underwriting
• ↓Commercial earthquake rates falling ~18%, pressuring margins