Quick follow up on FOOD.CA (Marché Good Food).
Both some in the early days of the pandemic in 2020. Sold too early but still made money.
This push was pandemic driven. No reason for a push anymore, hence the down trend.
Peak of Head'n Shoulder formed in Jan 2021 and confirmed in October 2021. This chart pattern confirmed a good 6 months before SPY's Head'n...
2021-11-24
Markets are mixed (near all time highs)
FOOD has under performed the market.
FOOD has been moving similar to others in its category
- A spinning top candle and a 2nd day confirmation of price movement
- average volume
- Hoping this continues to move with more volume to follow.
6.85 gap fill
stop loss at 3.94
I don't have a profit target at this...
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The drop today is because of the lost in profit due to their recent investment to expand. No one is taking into account that they have record sales. Watch this stock recover back to the 10-15 range in 12 month period. Long hold
The drop today is just a knee jerk reaction to the lost in profit due to recent investments to expand their business but no one is taking into account the fact that they had record sales! Watch as this stock recovers back to the 10-15 range in a 12 month period.
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...
GOODFOOD (FOOD.TO)
Description:
Montreal based, online grocery company / meal delivery
Share:
Current price: 8.51
Results Y/Y: 130%
618M market cap
33.83% shares held by insiders
6.80% shares held by institutions
Beta 0.04
Key notes;
-Revenues reached 100.7M in the second quarter of Fiscal 2021, an increase of 41.9M or 71% year-over-year
-Gross margin reached...
FOOD.TO recently broke the red trendline with a retest. Now would be a good entry point. It is also at risk of a Head and Shoulders pattern if it does not break past the horizontal orange line. Hopefully it will re-enter the uptrending, blue (log chart).
Hello fellow traders and investors, here's another 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
When To Buy:
When it breaks the trendline acting as a resistance.
When To Sell:
I...
FOOD.TO has been trading very technically since March 2020 (respecting trendlines, Fibonacci retracements, etc.).
It recently tested it's lower trendline and bounced off.
The fundamental analysis is solid, so I have been adding at the lower trendline.
For a higher percentage trade, you can wait till it breaks the red resistance line.
Hello fellow traders and investors, here's another trade idea.
FOOD has recently pulled back to the previous support area. If FOOD makes a full recovery it offers around a 45% ROI.
Technicals:
The Macd indicates that FOOD is oversold
The Macd indicates that FOOD is still in a downtrend
The Ema's indicate that FOOD is still in a downtrend
When To Buy:
When EMA's...
Relatively new company delivering meals and leading the industry, covering all the P's to the T. Doing very well since Covid19.
Assuming is can breakout from here and continue this run, next target would be in the 13$ range for the retracement down to be logical.
If lockdowns persist, this can go higher. Winter and holidays are most definitely increasing sales...
TSX:FOOD
Goodfood Market Corp (TSX: FOOD) is a Canadian meal kit company delivering fresh ingredients that make it easy for subscribers to prepare delicious meals at home every week. It is about to make new highs.
SPT: $9.15 RST: $9.65
STP: $8.75 TGT: $11.70
