Bel Fuse Inc

BELFA remains in structural repair after breaking below the 9, 20, and 50 EMAs and testing the 200 SMA and trendline without a clear recovery. The medium-term bias is bearish, with execution deferred until rallies into the EMA cluster (~208–212) can be rejected. Despite near-term weakness, the long-term uptrend anchored by major supports remains intact, so trimming into bounces aligns with the broader secular bull structure.

• ↑Q2 revenue climbed 25% YoY to $210.7M, driven by defense and data solutions
• ↑Gross margin expanded to 39.9% from 38.7%, aided by operational leverage
• ↓Raw material input costs (copper, gold) risk compressing margins