Backblaze Inc

BLZE is in a Stage 2 momentum-driven rally with an active Lockout Rally dynamic, underpinned by a clear uptrend above key EMAs and SMAs. The Medium- and long-term trends remain bullish, and the Lockout Rally override justifies immediate participation despite overbought signals. Execution focuses on continuation participation with attention to shallow pullbacks into the 9-day and 20-day EMAs, while monitoring for momentum exhaustion or a break below short-term support.

• ↑Q2 revenue $42.7M (+18% YoY), $2.5M above guidance.
• ↑$335M multi-year CoreWeave pact expands AI storage backlog.
• ↓Trading 224% above intrinsic value increases correction risk.