When free cash flow began accelerating in 2016, the stock entered one of the strongest multi-year uptrends in recent market history.
Then, when free cash flow peaked in 2021, the stock churned sideways for years.
Finally, when free cash flow turned sharply negative in 2023 and early 2024, the stock entered a nasty multi-year bear market.
Fast-forward to late 2024, when free cash flow bottomed. That's precisely when the price stopped falling.
Now this key fundamental metric has turned positive again for the first time in years.
Free cash flow is the cheat code...
And with last quarter's earnings report, the fundamentals are in a brand-new primary uptrend.
What about the technicals?