Good buying opportunity for $TKWY

The market has had a correction in the past few weeks. Just Eat Takeaway has seen the stock declining a lot in the last three weeks. Credit Suisse has given the company a price target of €128,- and called the decline a overreaction on 25th of May 2021. Just Eat Takeaway has been delivering food for restaurants, now they want to expand into delivering groceries. Tests have been started in the UK and Germany is their next target for grocery delivery.

The charts shows us a nice trend to the upwards direction. The price went to €69,- which was under the trendline, but the strong buying on 25th of May has brought back Just Eat Takeaway in the upward trend and shows the power of the trend.

My price target is €120-125 in the next 4 months, but as we have seen before this stock can pick up the pace really fast, especially after such a correction and then the wait will not be 4 months. Also delivering groceries is HUGE! This will add a lot of revenue to their company.

The RSI , MACD , STOCK RSI and TTM on the daily look great as well. Buy signals are here. This is not a financial advice. If you share the same idea you could buy $tkwy shares.

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