Fundamental Trade here,
Expecting the stock to trade sideways for a while, but any break of 27.00 will be watched closely. The logic behind the trade largely assumes that by May 17th sites will be open in the UK, and other countries will follow not too far behind.
1) Escape hunt has used the pandemic to acquire new 'super sites' at a significant discount -...
Price going into attractive buying zone
Major catalyst - chancellor announces more support for first time buyers (5% mortgages should become more common)
Price decline has been part of a broader market correction (no specific company / industry news that provides clear rationale for the stock to be moving lower)
Really strong weekly chart here!
I like the idea of their product; Ice Cream that promotes sleep!
Also, to just mention some other news about the stock;
Updated packaging for stronger shelf-presence
Nightfood is now available through both UNFI and KeHE, the two largest distributors of natural and better-for-you products in North America
In addition to UNFI and...
Buying after a heavy sell off due to disappointing trial results
Oversold (as per the chat the stock reacts strongly to being oversold)
PPMO data expected in 2Q21 could prove a huge catalyst for shares to go higher
Also - the company is posting strong sales growth (+40% this year) and peak sales estimates are over double current sales of some treatments...
Ultimately the conclusion of this weekends Brexit talks will dominate how the FTSE moves next week.
IF there is not a positive conclusion to the talks, then the Sell set up looks primed, we have the following confluences;
- RSI bouncing off 70
- Momentum Divergence
- Momentum Weakening
- Bearish Engulfer
- Market broke the previous Post Covid high last...
Looking to add to an existing holding on lloyds.
We have the following Confluences / Observations;
1) Initial push above EMA and close above
2) Consolidation of these gains at around 36p (not a fake out)
3) Rejection of a move below EMAs and another push higher
4) There was then some rejection from the 40p region and further consolidation again at 36p -...
I believe Momentum is the key to driving a lot of these pricey tech / EV stocks
NIO showing signs of another upward move.
My TP is fairly conservative but given the stocks volatility, it makes sense to close out in good profit