T5W trade ideas
Just eat TakeAway.com once in a year+ buying opportunityI think the chart speaks by himself
PS : i think it will jump alot faster
$TakeAway
TAKEAWAY (TKWY) Big upwards potential !Takeaway just confirmed the bottom by not dropping under the channel band on the weekly.
Therefore I will take a trade to try to reach the upper band (122)
RSI: Oversold
EMA200
ABC correction (Elliott Wave)
On balance volume is shaping up.
A rebound seems reasonable.
Enter:
First target: 95
Second Target: 122
SL: 72
Risk Reward Ratio: 1/5
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
Just East Takeaway: Time to Watch: EuropeHappy Holidays
By Sun Storm Invest Research
A Profit & Solutions Strategy
🎇🎇🎇TKWY.as bullish scenario:
🎇🎇🎇TKWY.as bullish scenario:
We have technical figure Falling Wedge in Dutch company Just Eat Takeaway.com N.V. (TKWY.as) at daily chart. Just Eat Takeaway.com N.V., is an Anglo-Dutch-American dot-com company specialising in online food ordering and home delivery. Takeaway.com is an intermediary online portal between the customer and the restaurants, where customers can order food online from restaurants’ menus, and have it delivered by the restaurants directly to their home. The Falling Wedge has broken through the resistance line at 10/12/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 7 days towards 96.10 EUR. Our stop loss order should be placed at 82.94 EUR if we decide to enter this position.
fundamentals
- European food-ordering firm Just Eat Takeaway.com NV on Wednesday said it had received 46% more orders in the third quarter than a year earlier, as a surge in online orders due to coronavirus social distancing measures continued.
- Order growth accelerated from an increase of 32% in the first half of 2020, with orders up 47% in Germany and 43% in the United Kingdom. Restaurants in the Netherlands delivered a third more meals through the company’s platform.
✨✨TKWY.as bullish scenario:✨✨TKWY.as bullish scenario:
We have technical figure Falling Wedge in Dutch company Just Eat Takeaway.com N.V. (TKWY.as) at daily chart. Just Eat Takeaway.com N.V., is an Anglo-Dutch-American dot-com company specialising in online food ordering and home delivery. Takeaway.com is an intermediary online portal between the customer and the restaurants, where customers can order food online from restaurants’ menus, and have it delivered by the restaurants directly to their home. The Falling Wedge has broken through the resistance line at 10/12/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 7 days towards 96.10 EUR. Our stop loss order should be placed at 82.94 EUR if we decide to enter this position.
FUNDAMENTALS
- European food-ordering firm Just Eat Takeaway.com NV on Wednesday said it had received 46% more orders in the third quarter than a year earlier, as a surge in online orders due to coronavirus social distancing measures continued.
- Order growth accelerated from an increase of 32% in the first half of 2020, with orders up 47% in Germany and 43% in the United Kingdom. Restaurants in the Netherlands delivered a third more meals through the company’s platform.
TKWY Bullish PullbackAccording to my swing trade analysis and Take Away being undervalued while the numbers and orders are growing a bull pullback is expected
TKWY ; Bullish pullbackWhen the exchange rate goes above the resistance of 110.40 pullback is confirmed.
TKWY ; Possible breakoutIf it goes through the resistance of July 6th, further growth is expected.
There is also a lot of industry growth expected.
