Buying DHER at 0.786 pullback.Delivery Hero - 30d expiry - We look to Buy at 31.66 (stop at 29.69)
We have a 78.6% Fibonacci pullback level of 31.00 from 23.88 to 57.16.
Levels below 32 continue to attract buyers.
The primary trend remains bearish. A higher correction is expected.
Support is located at 31 and should stem dips to this area.
Our profit targets will be 36.58 and 37.58
Resistance: 46.91 / 50.00 / 53.00
Support: 42.00 / 39.00 / 36.50
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Deliveryhero
Selling DHER at 50% retracement.Delivery Hero - 30d expiry - We look to Sell at 40.44 (stop at 44.22)
Levels close to the 50% pullback level of 40.50 found sellers.
The primary trend remains bearish.
We look for a temporary move higher.
Levels close to the 78.6% pullback level of 31.00 found buyers.
Preferred trade is to sell into rallies.
Our profit targets will be 31.66 and 28.66
Resistance: 37.50 / 40.00 / 45.00
Support: 35.00 / 31.50 / 28.00
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Delivery Hero: Short term bounce? Delivery Hero
Short Term
We look to Buy at 36.58 (stop at 33.74)
We look to buy dips. We have a 61.8% Fibonacci pullback level of 36.59 from 23.88 to 57.16. There is scope for mild selling at the open but losses should be limited. We can see no technical reason for a change of trend.
Our profit targets will be 42.58 and 46.56
Resistance: 46.60 / 53.59 / 57.00
Support: 36.00 / 33.60 / 31.11
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
I need a hero again!Delivery Hero
Short Term - We look to Sell at 36.97 (stop at 41.04)
We look to set shorts in the early trade. Previous support at 37.00 now becomes resistance. A sequence of weekly lower lows and highs has been posted. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 27.86 and 25.19
Resistance: 37.00 / 48.80 / 60.00
Support: 27.70 / 25.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading . The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Trading Idea - #DeliveryHeroMy trading idea on Delivery Hero : Buy/Long
Target: 95.00 EUR (+215 %)
Stop: 9.00 EUR
Delivery Hero has been disappointing all along the board since the beginning of the year! The share price breaks through every support line and clearly lags behind the DAX.
New hope for a share price recovery comes from both a chart and a fundamental perspective. The share price is currently at the strongest support level around EUR 30.00. For a short time, the price dipped to the all-time low (EUR 25.50), which was also the IPO trading price from 2017.
Fundamentally, Delivery Hero increased its revenue by approx. 50% compared to the previous year and made another step towards profitability. Management's goal continues to be the global expansion of the business.
Company Profile: Delivery Hero is the world's leading local delivery platform, offering its service in about 50 countries in Asia, Europe, Latin America, the Middle East and North Africa. The company started in 2011 as a food delivery service and now operates its own logistics on four continents.
Trading Idea - #DeliveryHeroMy 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.
I Need a Hero (Delivery) Delivery Hero
Short Term - We look to Buy at 37.11 (stop at 34.35)
Previous support located at 37.00. Trading within the Channel formation. A higher correction is expected. Choppy price action seen. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 43.98 and 48.59
Resistance: 45.00 / 50.00 / 60.00
Support: 37.00 / 25.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Delivery Hero: Delivering Lower Prices? Delivery Hero - Short Term - We look to Sell at 38.86 (stop at 43.29)
We look to set shorts in the early trade. Closed below the 20-day EMA. Previous support, now becomes resistance at 38.00. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 28.41 and 25.19
Resistance: 38.00 / 50.00 / 60.00
Support: 30.00 / 25.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.