TradingView
MattArmstrong
Mar 21, 2020 3:49 PM

Blue Apron - APRN - Long Idea.  Long

Description

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.

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.
More