The fad is over. Trouble BrewingFollowing the worst IPO in history, and subsequent failure to lead a legal and profitable business, on March 4th (less than two weeks) Will Shu's "golden shares" will lose their status. Eager investors will be keen to cut fees paid to riders and increase charges to restaurants and customers, only to find that they have already pushed all of their partners to the limit, and they still can't turn a profit.
Investing in this company now, you have to bear in mind the potentially illegal aspects of the business that Will Shu-reley be addressed soon. That is the illegal e-bikes, and the illegal immigrants. This is not a controversial statement. Without the speed of these bikes, or the kind of employees that have to accept sub-minimum wage pay, this business model is kaput.
Of course, we all know, the story is told in the charts, and we have a bear flag with rsi divergences. Low levels of customer satisfaction. Run by a skeleton crew in the Philippines, with an app that hasn't seen any meaningful development in years. This is no Amazon, this serial loss of investor money and debt is not going to turn into a global megacap, sorry...
ROO trade ideas
$ROO Deliveroo Trade Idea and Possible Long OpportunityHi Traders,
This is my view for ROO, if we succesefully Break the 132$ Level, Entry Will be confirmed, if not, I will update with new entry level.
StopLoss at 100$
Target at 190$
NFA, DYOR, and don't forget to use proper risk management.
Let me know what do you think in the comments! Press that like button to show support!
Good luck.
AO - Lets "not" go - The bulls do not have it!Future opportunity following a weekly green close when it appears.
Best buy zone is the accumulation zone, 55% back to all time high levels.
This may take several more weeks correct.
RSI & MACD continue a downward trend.
MA's are not yet corrected.
We will be blessed for a Xmas pump if economical and logistical recovery pervails? The confirmation of the RSI, MACD & MAs will confirm AO recovery.
AO warned of lower profits for the year, due to the UK’s current supply chain problems. And that’s all down to a shortage of lorry drivers, after tens of thousands headed back to their home countries after Brexit. AO says it now expects “adjusted EBITDA for the full year to be between £35m and £50m, with profits more heavily weighted than usual towards the second half of the year driven by the peak trading period.
Source: www.fool.co.uk
ROO Deliveroo is showing signs of strength, ive been accumulating all the way down as i like the stock and i like the business!!
Never really used arcs in trading before (used it on an alt coin once and it worked, coincidence maybe?!) so itll be interesting to see how this plays out, usually stick to price action and Fibs but anyways!!!
Trade safe people... not financial advice!!!!
Deliveroo fails to deliver ....It is important to note that just because this is Amazon backed company does not guarantee it is going to be a success !
At least immediately ........
This article points out the various reasons why it fails to deliver other than not making a profit yet.
So, you must be prepared to hold for the long haul if you want to invest with IPO shares. Not all IPOs are going to give you overnight 100-300% profits!