๐๐๐TKWY.as bullish scenario:
We have technical figure Falling Wedge in Dutch company Just Eat Takeaway.com N.V. (TKWY.as) at daily chart. Just Eat Takeaway.com N.V., is an Anglo-Dutch-American dot-com company specialising in online food ordering and home delivery. Takeaway.com is an intermediary online portal between the customer and the restaurants, where customers can order food online from restaurantsโ menus, and have it delivered by the restaurants directly to their home. The Falling Wedge has broken through the resistance line at 10/12/2020, if the price holds above this level we can have possible bullish price movement with forecast for the next 7 days towards 96.10 EUR. Our stop loss order should be placed at 82.94 EUR if we decide to enter this position.
fundamentals
- European food-ordering firm Just Eat Takeaway.com NV on Wednesday said it had received 46% more orders in the third quarter than a year earlier, as a surge in online orders due to coronavirus social distancing measures continued.
- Order growth accelerated from an increase of 32% in the first half of 2020, with orders up 47% in Germany and 43% in the United Kingdom. Restaurants in the Netherlands delivered a third more meals through the companyโs platform.