Conviction: 3/5
could go down lower to the starting point of wedge
or if we believe fractal from 2007/8 then there might be another buying opportunity with bullish divergence from Weekly RSI
General Thesis
Growth
Value
Fundamentals/Balance Sheet
Potential Risks
could go down lower to the starting point of wedge
or if we believe fractal from 2007/8 then there might be another buying opportunity with bullish divergence from Weekly RSI
General Thesis
- bounce from lont-term resistance (2005)
- broke back into downward channel since 2014
- Weekly RSI showing good bounce near historical support
Growth
- Margins in slightly declining trend
- NEGATIVE GROWTH
Value
- P/FCF is at historical lows: about 5th percentile
- P/S is at historical lows: about 5th percentile
Fundamentals/Balance Sheet
- debt/asset ratio good: below 1
- quick ratio NOT GOOD: below1
Potential Risks
- expensive market...
- business looks like somewhat struggling