Newsmax Inc

NMAX is in a Stage 2 advancing structure with compelling bullish patterns—a momentum breakout above ~11.39 and a sequence of higher highs and lows—supported by rising EMAs. However, short-term conditions are extended and tagged extreme overbought, so we will stalk for pullbacks into the EMA9/EMA20 confluence near the former resistance to add exposure.

• ↑Q2 revenue $54.1M (+16.5% YoY); net income $2.9M vs $75.2M loss
• ↑Affiliate fees grew 81.9% YoY to $13.4M; licensing up 563.5% to $4.6M
• ↓P/S ratio 5.9x far above 1.0x media average signals overvaluation