Its forming a bottom.
Monthly chart: Post ~72% DD from May2024 top to Feb2025 bottom , its given a decent upmove (post multi year retest).
Weekly chart: Post Feb25 bottom, its given a ~70% upmove, most likely capturing the turn in results and markets understanding/reflecting the new business model and margin structure for the company.
Daily Chart: Gives the clearest picture. Bottom forming patterns like the inverse H&S (powerful patterns) are clearly seen. Accumulation can be seen in volume spurts and high deliveries.
It mostly wont be a V shaped recovery back to the previous ATH’s. but a slower upmove, with earnings catching up with valuations.
Post results fall was mostly expected given the previous upmove in past weeks and as per Inverse H&S pattern formation. Trading volatility most likely.


