Jan. 31 at 1:31 AM
$STEM breached and closed below trend that began July 17, 2025.
This will likely reach the 200-day that sits at
$14.92, which is also inline with the previous low "Long-point" at
$15.01. I expect a small bounce there. The strength of the bounce off support will determine whether it will re-test mid-18s or ultimately fall below the 200-day towards
$13.
Either way I believe the 20 month+ sideways action that began the Q2 Earnings Release May 2, 2024 will continue. That was the last day that STEM had a closing price above
$30 (
$1.50 pre-split)
