It's trading outside the Upper BB on the 6 month candle chart. Very bearish.
Spot on regarding multi-period overextension. Historically, when high-beta tech stocks trade >2 standard deviations above their 20-period SMA on monthly or higher timeframes, mean reversion occurs within 1–2 quarters over 80% of the time.
Spot on regarding multi-period overextension. Historically, when high-beta tech stocks trade >2 standard deviations above their 20-period SMA on monthly or higher timeframes, mean reversion occurs within 1–2 quarters over 80% of the time.