Visa $V bouncing off long-term channel (5/5)

Conviction: 5/5


General Thesis

• V bouncing off of long-term channel support (since 2009)
  
• Weekly RSI showing signs of bottoming, although no bullish divergence yet
  
• historical support near (slightly above) 200W MA, which is also the case here
  

Growth

• Margins are high, although came down a bit in the last year
  
• revenue growth is at historical highs
  

Value

• P/FCF has come down dramatically since early 2021, now about historical average
  
• 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
      
    • NFT hype may have gotten this to be too expensive
      
    • dependent on people continuing to spend money?