SPLK sort of channel bounce (3/5)

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