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 .
Technicals:
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.
Thanks.
FOOD has recently pulled back to the previous support area. If FOOD makes a full recovery it offers around a 50 to 60% ROI .
Technicals:
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.
Thanks.
