CNXC - Bearish outlook.Concentrix share price hasn't performed well, at all! - Since its IPO in 2020, which saw a large uptrend that lasted until the start of 2022, where price has since fallen in a picturesque, somewhat cliche bearish down-trend, with perfect form.
Price has respected Premium Arrays and obliterated Discount Arrays, consistently running lows and reversing back into the FVA to then collect liquidity, often inside an FVG/BaG, both the Monthly and Weekly has bearish order flow legs with the OD being the respected level of the price leg/range.
Price is coming out of a Bearish FVG on the Monthly, with the gold line (ATL) being my target by mid-2025. ESPP holders may want to evaluate their current holdings, however, given the price action and three-year bear market/trend, if I were an ESPP participant, I'd just keep holding.
The daily has been somewhat bullish in recent weeks, however, it looks to be more the buyside curve, with an expectancy for price to create a short retracement to the upside to tap into the W and D volume imbalances above, to then continue the overall bearish trend, as well as confirm the sell-side of the MMXM.
