$IVLU International Value 5th wave to $30? (3/5)Conviction: 3/5
General Thesis
weekly RSI showed a recent bouc
bounced off long-term (2008) support trend line
Growth
N/A
Value
from other research, value of value (i.e. relative performance of value and growth) is at historical highs (i.e. very attractive)
also, US outperformance to international stocks is hitting upper bound of uptrend since 2011
which is also corroborated on a longer time frame from other studies.
although we have no idea when this is going to turn
Fundamentals & Balance Sheet
N/A
Potential Risks
market downturn will cause this to go down too, albeit to a smaller degree to growth stocks
did not bounce off of attractive Weekly RSI number
