Well, I don’t know much about charts and technicals, but my thesis is (1) p/b bottoming out to all-time-lows, and at the same time (2) p/e instead being at a significant premium to the historical p/e, together indicate a bottoming-out of the price. To me: (2) above is indicative of “hope” of good things to come. Additionally, I rationalized all this in light of the narrative I shared earlier (all bad news baked in).
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