Trading Idea - #AboutYOUMy BUY idea for ABOUT YOU:
Buy: 12.50 EUR
Target: 20,50 EUR (+64%)
Stop: 9,75 EUR
ABOUT YOU is a German online shop for clothing, shoes and accessories based in Hamburg.
The company currently employs around 400 people from 25 countries.
1. the operating result (EBITDA) of the past year is slightly above market expectations. Below the line is an increase in sales.
2. AboutYou has good growth to show in a difficult year 2021. This increases optimism for times of market recovery.
3. The business is strongly focused on Eastern and Central Europe. A calming of the Ukraine-Russia conflict could lead to a further boost in sales.
4. The current risks seem to be already priced in. Accordingly, a bottoming can also be seen on the chart.
5. On 1H time units, an inverse head-and-shoulders formation can be seen. In the classical context, this means the end of a downward movement.
