VTEX

VTEX remains in a Stage 2 advance with higher-highs and higher-lows intact, but a Bullish Exhaustion pattern and price under declining 9/21 EMAs signal weakening momentum. Medium-term bias stays Bullish despite long-term downtrend, while short-term timing is unfavorable. Best to wait for a deeper pullback into support—around the 50-day SMA or prior swing lows—before initiating a long entry.

• ↑Net income grew to $10M from $3M YoY; margin up from 4.4% to 12%.
• ↑Free cash flow jumped 79% to $12.7M, enabling $23.2M in share repurchases.
• ↓Q2 revenue of $64.39M missed $64.69M consensus, highlighting headwinds.