CARL

CARL remains in a Stage 4 Decline with confirmed lower highs and lower lows. Price trades below all major EMAs, which are sloping down and acting as resistance. The medium-term bias is bearish, reinforced by the absence of any active bullish patterns and persistent distribution pressure. On the short term, price is extended below EMAs without a clear pullback into resistance, creating no immediate entry edge. Execution should be deferred until a retest of falling EMAs or structural resistance offers a better setup for bearish engagement.

• ↑Q2 revenue +57% YoY to $18.9M; full-year guide upped to $74–78M
• ↑Gross margin rose to 76.8% from 73.4% on efficiency gains
• ↓GAAP net loss widened to $10.5M vs $6.8M last year