Conviction: 4/5
need to break above descending resistance line for confirmation.
depending on speed of ascent, upper channel points to $300 target
General Thesis
Growth
Value
Fundamentals & Balance Sheet
Potential Risks
need to break above descending resistance line for confirmation.
depending on speed of ascent, upper channel points to $300 target
General Thesis
- bounced off long-term channel support since 1984-ish recently in 2020
- also seems to continue channel since 1999
- bounced off short term channel since 2020 lows
- weekly RSI about neutral
Growth
- Gross margins (50%) is pretty steady, near historical highs
- Revenue growth (0.33%) is super low, but recent highs
Value
- P/FCF below average (25th percentile)
- P/S about average
Fundamentals & Balance Sheet
- low debt to asset (<1)
Potential Risks
- entry for Weekly RSI is not ideal, could be lower
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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.