FOOD, REVERSAL COMING!

9 мар. 2021 г.

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 45% ROI.

Technicals:
The Macd indicates that FOOD is oversold
The Macd indicates that FOOD is still in a downtrend
The Ema's indicate that FOOD is still in a downtrend

When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA

When To Sell:
I recommend selling at its previous high which offers a 45% ROI.

Fundamentals: FOOD is an online grocery store company in Canada that delivers fresh meals to your home. Because of the upcoming rollout of the vaccine investors have been focusing on rotating their portfolio to a more conservative recovery play including retail stores, airlines, cruises, and any business that will benefit from the world becoming normal again.

I will be watching this stock for potential buying opportunities.

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.