SoundHound AI
Shares of SoundHound AI (SOUN) are currently trading 40% lower than their recent highs due to a bearish report from Capybara Research.
Despite this, I remain bullish on SoundHound and see the current price of $6 as a potential support level that could trigger a short squeeze if the stock rallies to $12.
I am actively adding to my position in SoundHound.
lululemon
Shares of lululemon (LULU) are down nearly 20% following the company’s earnings report, which included lower guidance for future revenue and earnings.
The stock has broken through key technical support levels, with potential further downside ahead.
Nike
Nike (NKE) is also trading lower after their earnings report, with concerns about a sales slowdown in the upcoming fiscal year.
The stock has been in a bear market trend and is now below critical support levels.
About the Author
Chris Johnson (“CJ”), a seasoned equity and options analyst with nearly 30 years of experience, is celebrated for his quantitative expertise in quantifying investors’ sentiment to navigate Wall Street with a deeply rooted technical and contrarian trading style.
