TKWY to see a higher correction.TKWY - 30d expiry - We look to Sell a break of 20.38 (stop at 21.53)
The primary trend remains bearish.
We are trading at overbought extremes.
A higher correction is expected.
The bearish engulfing candle on the daily chart is negative for sentiment.
50 4hour EMA is at 20.44.
A break of the recent low at 20.44 should result in a further move lower.
Our profit targets will be 17.51 and 17.01
Resistance: 21.20 / 22.00 / 23.00
Support: 20.40 / 19.00 / 17.60
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
TKWY
Not much more to Takeaway from Just EatJust Eat Takeaway
Short Term - We look to Sell at 17.17 (stop at 19.22)
Prices are extending lower from the bearish flag/pennant formation. We look for losses to be extended today. Further downside is expected and we prefer to set shorts in early trade. News events could adversley affect the short term technical picture.
Our profit targets will be 10.53 and 9.19
Resistance: 21.00 / 35.00 / 81.00
Support: 17.00 / 10.00 / 5.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Estimated price can not be calculatedThe estimated price for this share that I would otherwise like to suggest can not be calculated at this time. It seems that the company misses around 3 euros per average transaction on their platform in order to sustain itself within the loop of the restaurants, which are important actors bringing in value. This is based on my own data, so don't go for it all in, but as my followers on Twitter know I already predicted this collapse in the summer of 2021. You can find these by searching for '@dokterteunis just eat' on Twitter Search. You could thus already have profited from my insights just by following me. Besides the probable problem of the missing 3 euro's, the issue of the collapsing Euro that makes the USD debt the company acquired through new US holdings will dampen the budget even further. The company is not unique at all, but a copy-cat software clone of which there are many other services (saas) available. For this reason this stock seems completely unwanted for the near term, hence the collapse. How the future will play out is however uncertain and Just Eat could regain strength once it is more clear how it going to sustain itself and what specific value only Just Eat can add to the market she is actually delivering to these markets.
Long-term bullish Just Eat Takeaway (strong fundamentals)Just Eat takeaway (TKWY) is one of the current market leaders within Europe. The company connects restaurants and costumers in 9 European countries.
According to the company´s given information, they are the current market leaders in the countries: Netherlands, Belgium, Germany, Austria and Poland. This information is based on: amount of restaurants, orders and their gross share.
Support and resistance levels show the price is on a strong support level right now.
Entry: 37-39
Tp1: around 61 (resistance level)
Tp2: above 70-75 (mid-term)
Long-term target: around 95 - 100
Other resistance levels could show places to take profit.
Not financial advice.
Just Eat Takeaway: Selling a retest of pandemic lows Just Eat Takeaway - Short Term - We look to Sell at 58.56 (stop at 66.36)
We look to sell rallies. Previous support at 59.00 now becomes resistance. The trend of lower highs is located at 66.36. We look for a temporary move higher. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 59.00, resulting in improved risk/reward.
Our profit targets will be 41.07 and 36.80
Resistance: 59.00 / 72.50 / 83.00
Support: 47.37 / 42.69 / 36.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Good entry for Just Eat Take Away (TKWY)Fundamental Analysis
1. Industry: A food delivery website ++ (Corona time)
2. Price: Cheap
3. Upward potential: 19%
4. Risk-Reward Ratio: 1:7,5
Technical Analysis
1. Volume is growing
4. Morningstar growth rate: A
5. Short-term target: 105
6. Long term target: 125