Humbleflow
$CNXC Repeated support has shown up around $22-23 so I’m buying near a proven demand area instead of chasing strength. The stock is also deeply washed out, RSI recently pushed into the low-30s, and historically CNXC has produced some of its sharpest 20–30% rebounds from similar oversold setups.
Fundamentally, the story isn’t dead either: strong cash generation, debt has been trending lower since the Webhelp deal, management has been refinancing maturities, and the CEO bought shares in the low-$20s this year.
I’m not calling the bottom. I just like the asymmetry: starter near $22.50, add on a $24–$25 reclaim, reassess if $22 fails. $CNXC
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