Jul. 13 at 3:45 PM
$PS
The market is asking some serious questions here. The stock is trading well above its IPO price, but investors are starting to challenge the valuation as fundamentals remain under pressure.
The big question now is where does the downside risk actually end?
$22 IPO level is the first major area I’m watching. If selling pressure continues, traders will be looking for the next meaningful support zone instead of trying to catch a falling knife.
A
$3.55 target is being discussed by some bears, but the market will decide through earnings, cash flow, and execution.
Watching the chart and fundamentals closely.
