Mastercard $MA bouncing off long-term trendConviction: 5/5
General Thesis
Bouncing off of long-term channel support (since 2009)
Weekly RSI showing signs of bottoming, with potential bullish divergence
historical support near (slightly above or at) 200W MA, which is also the case here
Growth
N/A
revenue growth is at historical highs
Value
P/FCF has come down dramatically since early 2021, now about 75th percentile, so still a bit high
P/S near historical high
Fundamentals
low debt/asset ratio and plenty of cash to deal with short term debts
Potential Risks
a little expensive, more so than V
NFT hype may have gotten this to be too expensive
dependent on people continuing to spend money?
overall market is very expensive, drawdown could hurt this too
short term downward sloping resistance
