6/5/24 - vrockstar - 
BASE - among 
CXM, $NYSE:SMAR and now this one reporting tn... they all basically suffer from the same factor problems (read those). the issue w base is that it's possibly even worse given the size, higher valuation, actual cash burn (despite dilution) and arguably even more "at risk" of AI-narrative-murda. the chart is defn in make or break mode. i'm no technician-first approach as many on this platform are, but i can clearly see some massive risk to the downside if they can't deliver (we're talking 15-20%) and upside will be tough to buy and stick and rip... and btw if it's a sector-specific move, this will likely not be the biggest beneficiary, instead the winners will consolidate further gains until we reach a sustainable rally in the sector where the winners will get sold to buy some of the losers cheap (arguably some already are, some aren't - i'd posit this is not "cheap"). so GL to those who know the story/ name more than me, but this seems like a clear "caution" in the here and now of what the tape is buying.
BASE - among CXM, $NYSE:SMAR and now this one reporting tn... they all basically suffer from the same factor problems (read those). the issue w base is that it's possibly even worse given the size, higher valuation, actual cash burn (despite dilution) and arguably even more "at risk" of AI-narrative-murda. the chart is defn in make or break mode. i'm no technician-first approach as many on this platform are, but i can clearly see some massive risk to the downside if they can't deliver (we're talking 15-20%) and upside will be tough to buy and stick and rip... and btw if it's a sector-specific move, this will likely not be the biggest beneficiary, instead the winners will consolidate further gains until we reach a sustainable rally in the sector where the winners will get sold to buy some of the losers cheap (arguably some already are, some aren't - i'd posit this is not "cheap"). so GL to those who know the story/ name more than me, but this seems like a clear "caution" in the here and now of what the tape is buying.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.