Not much more to Takeaway from Just EatJust Eat Takeaway
Short Term - We look to Sell at 17.17 (stop at 19.22)
Prices are extending lower from the bearish flag/pennant formation. We look for losses to be extended today. Further downside is expected and we prefer to set shorts in early trade. News events could adversley affect the short term technical picture.
Our profit targets will be 10.53 and 9.19
Resistance: 21.00 / 35.00 / 81.00
Support: 17.00 / 10.00 / 5.00
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Justeattakeaway
Estimated price can not be calculatedThe estimated price for this share that I would otherwise like to suggest can not be calculated at this time. It seems that the company misses around 3 euros per average transaction on their platform in order to sustain itself within the loop of the restaurants, which are important actors bringing in value. This is based on my own data, so don't go for it all in, but as my followers on Twitter know I already predicted this collapse in the summer of 2021. You can find these by searching for '@dokterteunis just eat' on Twitter Search. You could thus already have profited from my insights just by following me. Besides the probable problem of the missing 3 euro's, the issue of the collapsing Euro that makes the USD debt the company acquired through new US holdings will dampen the budget even further. The company is not unique at all, but a copy-cat software clone of which there are many other services (saas) available. For this reason this stock seems completely unwanted for the near term, hence the collapse. How the future will play out is however uncertain and Just Eat could regain strength once it is more clear how it going to sustain itself and what specific value only Just Eat can add to the market she is actually delivering to these markets.
Long-term bullish Just Eat Takeaway (strong fundamentals)Just Eat takeaway (TKWY) is one of the current market leaders within Europe. The company connects restaurants and costumers in 9 European countries.
According to the company´s given information, they are the current market leaders in the countries: Netherlands, Belgium, Germany, Austria and Poland. This information is based on: amount of restaurants, orders and their gross share.
Support and resistance levels show the price is on a strong support level right now.
Entry: 37-39
Tp1: around 61 (resistance level)
Tp2: above 70-75 (mid-term)
Long-term target: around 95 - 100
Other resistance levels could show places to take profit.
Not financial advice.
Good entry for Just Eat Take Away (TKWY)Fundamental Analysis
1. Industry: A food delivery website ++ (Corona time)
2. Price: Cheap
3. Upward potential: 19%
4. Risk-Reward Ratio: 1:7,5
Technical Analysis
1. Volume is growing
4. Morningstar growth rate: A
5. Short-term target: 105
6. Long term target: 125