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SPLK sort of channel bounce (3/5)

Long
NASDAQ:SPLK   None
Conviction: 3/5
channel was broken in 2016, need to pay attention not to break down below recent lows to go to dark blue channel


General Thesis
  • bouncing off of medium-term channel support (since 2015)
  • Weekly RSI at historical turning points

Growth
  • Margins quite low compared to own history
  • growth is around 75th percentile

Value
  • P/S cheap compared to own history
  • P/FCF is negative... should I be concerned?

Fundamentals
  • low debt/asset ratio
  • quick ratio above 1, can to deal with short term debts

Potential Risks
  • expensive market...
  • wrong channel support

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