Mastercard $MA bouncing off long-term trend

Conviction: 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