One must admire a +1200% swing in a stock price during difficult times.
On a technical level, price has broken and closed above it's 200 daily EMA. This is a technical "throwback". Textbook entry.
On a macro/fundamental level, this kind of industry shall thrive in a time of such distrust, people will be keeping a distance from others, even after this has all settled down...IMO
Allowing people to eat a respectable meal and removing the "risk" of shopping will only be gearing up for high demand!
I'll be positioned this way myself.
On a technical level, price has broken and closed above it's 200 daily EMA. This is a technical "throwback". Textbook entry.
On a macro/fundamental level, this kind of industry shall thrive in a time of such distrust, people will be keeping a distance from others, even after this has all settled down...IMO
Allowing people to eat a respectable meal and removing the "risk" of shopping will only be gearing up for high demand!
I'll be positioned this way myself.
Comment:
This was a position brought to me by a dear friend. I cherish open communication about charts, ideas and the future of financial markets.
Trade active:
Entered earlier today, up 20% day one is encouraging, I'll hold for a while, I presume.
Trade active:
Still seeing money flowing into this stock.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.