The SaaS sell-off over the past six months has hit this name hard, but with a renewal rate of nearly 99%, the underlying business remains strong. AI momentum is flagging, and any further downside in this sector could result in capital being thrown back into abandoned software.

Technically, this does not form a perfect inverse head and shoulders pattern, but the right shoulder does. Trading volume remains weak, and overall tensions remain. I am neutral here until the chart gives a clear signal.

What is your reading of this setup – are you accumulating or staying on the sidelines like me?

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