Footlocker Put Long

FL has a D/E of 0.00 (macrotrends) and a C/R of 1.73 (macrotrends). My analysis shows a long term down trend in a solid looking channel. Down trends of same or very close lengths -49-50 on tradingviews ruler function. Equally, the uptrend show the same at around +39. Now unless FL breaks out of this long down trend imo its set to continue as normal back down to around $17 possibly abit lower. Covid19 seems to have not harmed FL much with Free Cash Flow up 76% on the previous year and an intrinsic value per share of $48 per share (in my opinion).