the model switches to trend-follow and points down, and breadth under the surface is deteriorating. The bear case is a regime misclassification at the turn
i’m on board with this. give it room and this is a different call; pinned to the date it's a coin flip on timing. it keeps failing at resistance on fading volume. could go either way tbh
i’d put a small position on this. the multiple's doing the work; $22.5 prices a re-rate the tape hasn't fully bought yet. the pipeline has to deliver to offset it. but i’m not married to it
Low-key, Nah moodyshill37 . plus the pipeline has to deliver to offset it. patent expirations loom later this decade. the post-COVID base is resetting and oncology (Seagen) is the call. we’ll see how it ages.