Conviction: 3/5
likely (40%) to go down more to touch lower trend line support (2008)
General Thesis
Growth
Value
Fundamentals & Balance Sheet
Potential Risks
likely (40%) to go down more to touch lower trend line support (2008)
General Thesis
- potential bullish div on weekly RSI @ oversold levels
- could go down more to touch lower channel support (2008)
- hovering long-time resistance / support line from peak of 2007, which was broken by covid panic
Growth
- Gross margins high (82%), but decreasing since 2017
- Revenue growth about historical average (11%)
Value
- P/FCF below average
- P/S below average
Fundamentals & Balance Sheet
- low debt to asset (<1)
- quick ratio good (>1)
Potential Risks
- RSI-W not oversold yet
- expensive P/FCF
- another leg down for bullish divergence
- another leg down to touch lower trend line support
Comment:
seems to have put in 5 waves up... looks more promising