Hello fellow traders and investors, here's an update on my previous FOOD trade idea.
FOOD has recently pulled back to the previous support area . If FOOD makes a full recovery it offers around a 50 to 60% ROI .

The Macd indicates that FOOD is oversold and now in an uptrend
The RSI is oversold
We're still getting rejected by the 50 SMA

When To Buy:
When it breaks the 50 SMA

When To Sell:
I recommend selling at its previous high which offers a 50 to 60% ROI .

Fundamentals: FOOD is an online grocery store company based in Canada, they deliver fresh meals straight to your home. They have a P/S of 1.74, a profit margin of -0.63% which isn't that bad, a quarterly revenue growth (yoy) of 71.20%, total cash of 163 Million dollars, and total debt of 53.85 Million dollars.

Rating: 90/100 the technicals are good and the fundamentals are pretty good aswell.

NOTE: It's been hard to find good trade ideas recently, I know many stocks are oversold but they aren't indicating any sign of a reversal. For example, take a look at PLUG and FCEL .

I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.


Wait is almost over… buy a call if you must get in. Wait if you want to see it touch 50 SMA first for confirmation
Down. Keep waiting
any thoughts on where this is going?
I see a potential H&s careful!
@foxbelex, Let's see how it goes :)
@foxbelex, What stocks are you watching?
foxbelex TradeTheTrends
unfortunately I am mostly invested in growth stocks, which lately has been a nightmare,
reason why I am focussed on the overall market sentiment, which for high growth still is
under heavy pressure. Perhaps after Earnings (that need to come out nicely) I'll take new
positions ... but for now wait and see
@foxbelex, Ya the stock I am the most invested in right now is LOGI which has managed to perform quite well since I bought at the dip, I am also slightly invested in LMND but for now, I am holding a lot of cash since the markets are unclear. Earnings will be a big factor as well :)
foxbelex TradeTheTrends
have a look at Affirm, if it breaks through $74,32 (with Volume!) this one could rallye, however market sentiment also needs to improve. Nevertheless this is a good stock with great performance potential. Have a good weekend!
+1 Reply
@foxbelex, Ya I have been keeping an eye on AFRM, pretty good fundamentals however it's not indicating any signs of a reversal just yet. Hope you have a great weekend as well :)
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