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Greggs plc

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41G1 trade ideas

Once every 2 years Opportunity!The price has been respecting a bullish weekly trendline since 2013. On average, the price was touching and rejecting the trendline every 2.2 years since 2013. Following rejection it took the stock approx 1.75 years to reach an averaged gain of 160%. Now we are at that opportunity again and there's high potential for a rejection and continuation. In the next 1.5 years it's highly probable to reach a conservative gain of 70% from where the stock currently sits at.
LSE:GRGLong
by rodrader
💡$GRG (LSE) 📚 Greggs technicals v fundamentals 💰🏌️‍♂️📖Greggs plc is a British bakery chain. Despite being a household-name bakery, in 2020 it has been relying on government support and is not expected to return to profit until 2022, and recently reported its first annual loss since the 1980s.Prior to the coronavirus, Greggs was enjoying year-on-year growth in sales (13.5% between 2018 and 2019) and profit (27.2% between 2018 and 2019). In its most recent quarter, the company showed a 31% decline in sales from last year. Despite the announcement of a two national lockdowns in the UK, with a stay-at-home order in place until mid-Feb, Greggs price has rallied since September, given a boost by the announcement of the Pfizer vaccine. Greggs currently has 600 stores in operation and is planning to increase that total to 800 by 2021. It appears as if Greggs stock is assuming the UK is on its way to normality soon, whereas UK CMO says this is ‘a long way’ away. 📈 The stock price soared over 100% in 2019, but the first 3 months of 2020 wiped out those gains. It appears as if Greggs stock is assuming the UK is on its way to normality, despite the widespread social restrictions. GRG is again testing a key resistance zone at 1920-1940p. Price has tried to close above this level at least 8 times since April 2020 and has failed. I rarely plot both long and short positions on a chart, but i will here to both bullish and bearish price action scenarios. The bullish scenario would see a green candle close above the 1940p level - and above the descending trend line - and price may continue in the bullish price channel to the -0.5 fib extension to 2324p for 20% upside. The bearish scenario would see a breakdown of the price channel, and a fall to the 0.5 fib retracement level, perhaps, for a 17% move. The fundamentals favour the bear case, the technicals favour the bull case, so watch closely. Both trades offer a good R/R - 5:1 for bull and 3:1 for bear case. 🔎This is not financial advice. Always do your own research and due diligence.
LSE:GRG
by zvissss
1
Greggs - Hold on to your sausages, this is going to be a ride!As always - no guarantee. Daily chart pattern looks amazing here for some dip buys / long-term investment. Outside bollinger bands / low RSI - Daily looks like a potential pivot candle today, will have confirmation next week. I'm buying small dips as the price continues to drop. They had a bad set of financials driven by poor decision making during lock down and the model of Greggs needs to change a bit of retail estate/corporate offices - all fixable. Also, need to post this as I'm trying to save my favourite sausage rolls here! :)
LSE:GRGLong
by mnnnnb
4
Greggs Still Holding At £20Last post: See link below. Review: Price experienced a deep pullback and came down to find support at £20. Update: Price is currently still holding at £20 which is proving to be a strong round number. Conclusion: We want to see price gather some strength and climb away from the round number and eventually break above the previous high. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:GRG
by Sublime_Trading
Greggs - Buying the dipBUY – GREGGS (GRG) Greggs plc is a United Kingdom-based bakery food on-the-go retailer. The Company's products and services consist of a range of fresh bakery goods, sandwiches and drinks in its shop. Fundamentals The success story of Greggs is quite remarkable with the shares rising significantly over a 5-year period. The baker recently delivered an ‘exceptional trading performance’, total sales were up 14.7% and like-for-like sales were up 10.5%. The introduction of vegan sausage rolls has been a massive success and no doubt brought new customers to stores across the country. The recent decline looks like a decent opportunity to buy. Best Broker Target Price: 2300p (UBS 28/08/2019) Worst Broker Target Price: 1780p (Berenberg Bank 16/05/2019) Technical Analysis The long-term chart of Greggs shows a spectacular uptrend. The recent dips from the highs of 2496p has been uncharacteristic and could present a fantastic opportunity to buy. Corrections are normal for share prices and following this recent bout of profit taking the shares now look more attractive. The close above the 10EMA on the 28th August 2019 could be a signal of bullish momentum returning. A move back to the highs to reassert the long-term trend is expected. Recommendation: Buy Buy between 2000-2100p Stop: 1895p Target: 2495p
LSE:GRGLong
by Investamate
3
£20 Round Number Supporting GreggsLast post: August 13th 2019. See chart . Review: Price was on the decline and was approaching £20. Update: Price has now found support at the £20 round number. Conclusion: We want to see if the support zone holds and pushes price back up. If it does, then we may see some long opportunity setups appear in the near future. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:GRG
by Sublime_Trading
Greggs Experiencing A Deep PullbackLast post: July 28th 2019. See chart. Review: Price was trending up nicely and was above the 50 simple moving average. Update: Since then price has moved down through the 50 simple moving average and is heading towards the £20 round number. Conclusion: We need to see if any support levels will hold price and help it reverse back to the upside. Otherwise, we may still see further moves to the downside. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
LSE:GRG
by Sublime_Trading