Fabrinet

FN remains in a Stage 4 distribution regime with a dominant downtrend. Price is oversold and showing bearish exhaustion at support, making new sell entries unfavorable. Recommend deferring sales into rallies into the declining 9EMA/20EMA resistance zone and executing rejection-based trimming.

• ↑Q4 FY26 revenue $1.316B (+45% YoY), with datacenter up 90%.
• ↑Datacenter revenue of $669M grew 68% YoY; optical comms +35%.
• ↓Forward P/E ~34.5x above peer range (22–32x) implies multiple risk.