Conviction: 4/5
Main Risk: Riding top of channel since inception (2004)
Quite expensive P/S of 8.5 relative to S&P500 of about 3
Thesis:
Seems to be trading in range since surge in 1/2 half of 2020, now at the bottom of range in the last year.
RSI-W at very attractive levels.
Trading between 100WMA and 200WMA and have never gone below 200WMA after recession of 2008.
Seems like a good play.
Main Risk: Riding top of channel since inception (2004)
Quite expensive P/S of 8.5 relative to S&P500 of about 3
Thesis:
Seems to be trading in range since surge in 1/2 half of 2020, now at the bottom of range in the last year.
RSI-W at very attractive levels.
Trading between 100WMA and 200WMA and have never gone below 200WMA after recession of 2008.
Seems like a good play.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.