FOOD, MY TOP PICK TO BUY!
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 Buy:
When it breaks the 50 SMA
When To Sell:
I recommend selling at its previous high which offers a 50 to 60% ROI.
Fundamentals: FOOD is an online grocery store company based in Canada, they deliver fresh meals straight to your home. They have a P/S of 1.74, a profit margin of -0.63% which isn't that bad, a quarterly revenue growth (yoy) of 71.20%, total cash of 163 Million dollars, and total debt of 53.85 Million dollars.
Rating: 90/100 the technicals are good and the fundamentals are pretty good aswell.
NOTE: It's been hard to find good trade ideas recently, I know many stocks are oversold but they aren't indicating any sign of a reversal. For example, take a look at PLUG and FCEL.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
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 Buy:
When it breaks the 50 SMA
When To Sell:
I recommend selling at its previous high which offers a 50 to 60% ROI.
Fundamentals: FOOD is an online grocery store company based in Canada, they deliver fresh meals straight to your home. They have a P/S of 1.74, a profit margin of -0.63% which isn't that bad, a quarterly revenue growth (yoy) of 71.20%, total cash of 163 Million dollars, and total debt of 53.85 Million dollars.
Rating: 90/100 the technicals are good and the fundamentals are pretty good aswell.
NOTE: It's been hard to find good trade ideas recently, I know many stocks are oversold but they aren't indicating any sign of a reversal. For example, take a look at PLUG and FCEL.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow and comment your thoughts.
Thanks.
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