DHER trade ideas
The fate of Food delivery companies ......They have all fallen from 60-70% from its peak !
With countries like Australia reopening its borders, and economies around the world slowly and painfully embracing Covid-19 , people are coming to terms with this virus and making it a part of their daily lives.
In Singapore, that means wearing masks daily and still going to hawker centres and coffeeshops to have my meals. Occasionally, we still order food delivery though the costs vs a vis home cooked food is more expensive.
At this juncture, I owned Meituan , a super app and China 3rd most valued company and have no intention to add on another similar company elsewhere.
Perhaps, those who have vested interest in these 3 companies can share their views ?
DHER nearing supportDHER is nearing its recent two lows around 100€. Recently the stock bounced up from these levels to 140€. Not going long yet since StochRSI is still pointing downwards, looking to enter around 102€ to keep a tight stop loss around 100€... let's see if it keeps dipping lower or if it bounces back up with DAX and other markets recovering from recent dips.
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Delivery HeroDelivery Hero has entered and upheld a healthy trend-channel indicating a long term trend.
The RSI has placed and stayed in a level above 50 indicating a strong buyers market, combined with the MacD indicating af strong momentum to stay in the trend.
Looking at the fundamental analysis of the company, we see a strong development in the revenue which double from 2018 to 2019.
This can be combined with knowledge about the market. Due to the Covid-19 pandemic we see an increased trend to shopping online, and thereby decreasing the individuals risk of getting the virus.
I personally believe that this trend will keep going long after the vaccines arrive, since people are now much more deliberate about the risk of getting infected and not only by Covid-19 but also other more common viruses.