Viavi Solutions Inc

VIAV remains in a Stage 4 decline, permitting only bearish engagement. However, extreme oversold conditions and a bearish exhaustion signal caution against immediate selling. The medium-term bias stays bearish with price below the 9/21/50 EMA resistance band. Execution should focus on trimming exposure on failed rallies into the EMA region rather than selling into the current downside extension.

• ↑Q3 revenue $406.8M (+42.8% YoY) exceeded guidance by 5.3%
• ↑Operating margin rose to 21% from 17.6% a year ago
• ↓Stock trades at high multiples, signaling potential overvaluation