$YEXT - RC -
Added 2023-12-11 08:09:49 +0000 UTC$YEXT has been in this long downward channel since bouncing shortly after its IPO in 2017.
The middle blue line is the IPO price and has offered support and resistance since 2017, so it is arguably the value line but I would like to see more time to fully label this as a fair value line.
I can see a corrective wave now since 2022, the hard rejection at the centre blue line brought this down hard and it is struggling to find support before it may have to test the bottom blue line again at $4.
A successful bounce here and it can move back up to $12's again.
