LeLaf

FOOD.CA: Head'n Shoulder (-85%), almost filled

Short
TSX:FOOD   GOODFOOD MARKET CORP
Quick follow up on FOOD.CA (Marché Good Food).
Both some in the early days of the pandemic in 2020. Sold too early but still made money.
This push was pandemic driven. No reason for a push anymore, hence the down trend.

Peak of Head'n Shoulder formed in Jan 2021 and confirmed in October 2021. This chart pattern confirmed a good 6 months before SPY's Head'n Shoulder confirmed (October 2021 vs April 2022).
Very interesting. Was it a signal of things to come? Let me know if you guys have any ideas.

For now, FOOD is headed to 1$. Probably lower.
Not invested in this stock.

Stay humble, Have fun, Make money!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.