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
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.
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.