Vivid Seats Inc

The stock remains in a clear Stage 4 decline with medium-term bearish bias intact. Short-term timing is unfavorable for additional selling as price is extremely oversold and extended below declining EMAs. Execution should be deferred and trimming is best executed on a relief rally into the 9/21EMA resistance zone. The long-term downtrend remains intact, and only a decisive break above intermediate EMAs would invalidate this bearish posture.

• ↑Q2 Marketplace GOV grew 8% to $659M; revenue $130M up 3% QoQ.
• ↑Maintained 99.7% World Cup order fulfillment, underpinning loyalty.
• ↓Revenue highly cyclical, tied to episodic live events.