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....
Takeaway just confirmed the bottom by not dropping under the channel band on the weekly.
Therefore I will take a trade to try to reach the upper band (122)
RSI: Oversold
EMA200
ABC correction (Elliott Wave)
On balance volume is shaping up.
A rebound seems reasonable.
Enter:
First target: 95
Second Target: 122
SL: 72
Risk Reward Ratio: 1/5
🎇🎇🎇TKWY.as bullish scenario:
We have technical figure Falling Wedge in Dutch company Just Eat Takeaway.com N.V. (TKWY.as) at daily chart. Just Eat Takeaway.com N.V., is an Anglo-Dutch-American dot-com company specialising in online food ordering and home delivery. Takeaway.com is an intermediary online portal between the customer and the restaurants, where...
✨✨TKWY.as bullish scenario:
We have technical figure Falling Wedge in Dutch company Just Eat Takeaway.com N.V. (TKWY.as) at daily chart. Just Eat Takeaway.com N.V., is an Anglo-Dutch-American dot-com company specialising in online food ordering and home delivery. Takeaway.com is an intermediary online portal between the customer and the restaurants, where...
