Tattooed Chef Inc - Outbreak ALERT - Bullish for 2021 - Hey fellow Traders,
first of all i wish everyone a succesful and happy new year, may your dreams come true!
Now lets get back to business, today i´d like to talk about NASDAQ:TTCF
As we already saw it was forming an strong resistance at the 24 ish level , but we could finally manage to break that with good volume coming through and positive newsflow.
What does this mean for future investors?
So it would be a very healthy and good sign to turn the previous resistance level into a new support line.
Also it signals us that the stock is ready to move higher to the next targets.
But letme give you some reasons we are bullish going long into 2021:
Incredibly well positioned in such a fast growing market.
Vertically integrated company = from designing the to growing and packaging - everything comes from one hand.
38 Current SKUs in market, 62 by end 2021.Competitor BYND for example only has 9 SKUs.
2 Billion AD Impressions in 2021.
First huge marketing campaing will happen this year with the agency NitroC.
Expansion to Mexico and Europe is about to start.
More than 17% held by Institutions which will only increase by time.
Profit margin more than 20% which will only increase.
Already in the 4 biggest US retailers
Target and Walmart tests are outperforming.
Category sales are up huge.
Analyst coverage promised soon.
Fiesty CEO & Highly Innovative with Sarah.
Sells through Q4 was said to have been incredible.
Media coverage through Cramer on CNBC , Youtubers and Blogger talking about this stock.
Introduced to Puplix,Kroker , 7 Eleven and dozen more.
I could continue this list like forever but i want to encorouge you guys to do your own research.
Investing is always invvolved with a risk of loosing your capital , so this is no investment recomendation at all. Just my personal opinion.
You will soon realize this is the start of something big, and they haven´t even been paying dividends yet.
This could be a hold forevere stock if things play out as planned.
If you like this idea please feel free to leave a comment or follow , it would be greatly appreciated.
Greetings,
Sebastian
