$Duolingo(DUOL.US)

Since it has been falling, let's analyze the support levels and summarize the reasons for the decline.

Support levels:

270 (broken), a key psychological support point for short-term trends, which affects market sentiment.

262.70, the current support level.

250-255, if the short positions continue, the next support point will be in this range.

230-235, a strong rebound occurred at the end of 2023, which can serve as the last line of defense.

Reasons for the decline:

1. DA Davidson downgraded, believing the stock is overvalued.

2. Google's new AI translation may introduce new language learning paths.

3. Dampened market sentiment and shifting focus.

That's all.

I'm also puzzled why the stock has fallen so much without significant changes in the company's fundamentals. Unfortunately, I don't trade options, otherwise I could have hedged.