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Wajeeh Khan

Klarna Stock Is Deeply Oversold After Ugly Earnings Plunge. Should You Buy the Dip in KLAR Here?

KLAR Klarna BNPL

Klarna (KLAR) shares closed roughly 26% down on Thursday even though the buy now, pay later (BNPL) firm posted its first billion-dollar quarter. Investors bailed on KLAR mostly because its profitability metrics deteriorated in the fourth quarter and the management offered disappointing guidance for Q1.

Following the post-earnings decline, Klarna’s relative strength index (14-day) sits at about 18.39, indicating extremely oversold conditions that often trigger a relief rally. 

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