Stride Slips After Earnings, But Can It Regain Footing?

Core Insights - Stride (NYSE:LRN) experienced a significant decline of over 50% in a single day due to a weak financial forecast indicating slowing growth [1] - The stock's breakdown aligns with the Adhishthana Principles, suggesting deeper structural or fundamental weaknesses within the company [5] Weekly Chart Analysis - Stride's stock was forming a Cakra structure, which typically has bullish implications, but it broke below this structure during Phase 6, leading to a significant sell-off [2][3] - The breakdown triggered what is termed the Move of Pralaya, indicating strong selling pressure and a shift to a bearish outlook for the stock [3][5] Monthly Chart Analysis - On a monthly timeframe, Stride is currently in Phase 5, which usually involves retesting the lows of the preceding bullish Phase 4 [6] - The stock's previous surge from $30 to $105 in Phase 4 necessitated a correction, explaining the intensity of the current decline as it retraces to test those lower levels [6] Investor Outlook - With the Cakra breakdown and the ongoing Phase 4 retest, the decline in Stride's stock price was largely anticipated [8] - Investors are advised to wait for the conclusion of the weekly Phase 13 and observe the stock's behavior near its Phase 4 lows before making any purchasing decisions [8]