Trading Idea - #DeliveryHero
My trading idea for #DeliveryHero - LONG / BUY
Entry: 45.00 EUR
Target: 91.00 EUR (+100% profit)
Stop: 27.20 EUR
Delivery Hero is currently forming a support line around the 39.00 EUR mark. The consolidation has formed higher highs for the moment. A breakout from the range is still awaited. Significant resistance for this is at 50.40 EUR.
Delivery Hero has a steadily growing number of customers, which means great potential for revenue growth.
The company has grown on the basis of investor funds. The goal of the management is to create the sharp zero in the operating business, on its own.
At Delivery Hero, they are looking to capitalize on unused advertising opportunities.
The demand for Delivery Hero shares has risen strongly in the last 2 months. The trading volume on the XETRA stock exchange has increased noticeably.
Entry: 45.00 EUR
Target: 91.00 EUR (+100% profit)
Stop: 27.20 EUR
Delivery Hero is currently forming a support line around the 39.00 EUR mark. The consolidation has formed higher highs for the moment. A breakout from the range is still awaited. Significant resistance for this is at 50.40 EUR.
Delivery Hero has a steadily growing number of customers, which means great potential for revenue growth.
The company has grown on the basis of investor funds. The goal of the management is to create the sharp zero in the operating business, on its own.
At Delivery Hero, they are looking to capitalize on unused advertising opportunities.
The demand for Delivery Hero shares has risen strongly in the last 2 months. The trading volume on the XETRA stock exchange has increased noticeably.
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