FOOD, REVERSAL COMING!
Hello fellow traders and investors, here's another trade idea.
FOOD has recently pulled back to the previous support area. If FOOD makes a full recovery it offers around a 50 to 60% ROI.
Technicals:
The Macd indicates that FOOD is oversold and now in an uptrend
The RSI is oversold
When To Buy:
When it breaks the trendline acting as a resistance.
When To Sell:
I recommend selling at its previous high which offers a 50 to 60% ROI.
Fundamentals: FOOD is an online grocery store company based in Canada, they deliver fresh meals straight to your home. They have a P/S of 1.98, a profit margin of -0.50%, a sales growth Q/Q of 62%, debt/equity of 0.54 and a large insider ownership of 34%. They just released their earnings report today and I didn't go through the whole thing however it's the first time their revenue surpasses 100$ Million dollars in one quarter.
Rating: 90/100 the technicals are good and so are the fundamentals
NOTE: I might be buying some shares
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
FOOD has recently pulled back to the previous support area. If FOOD makes a full recovery it offers around a 50 to 60% ROI.
Technicals:
The Macd indicates that FOOD is oversold and now in an uptrend
The RSI is oversold
When To Buy:
When it breaks the trendline acting as a resistance.
When To Sell:
I recommend selling at its previous high which offers a 50 to 60% ROI.
Fundamentals: FOOD is an online grocery store company based in Canada, they deliver fresh meals straight to your home. They have a P/S of 1.98, a profit margin of -0.50%, a sales growth Q/Q of 62%, debt/equity of 0.54 and a large insider ownership of 34%. They just released their earnings report today and I didn't go through the whole thing however it's the first time their revenue surpasses 100$ Million dollars in one quarter.
Rating: 90/100 the technicals are good and so are the fundamentals
NOTE: I might be buying some shares
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
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