$MMM:ASX - MARLEY SPOON - Foodie up 450% over the last month

Marley Spoon has been having a crazy run over the last month. Being a food delivery service in these current times is obviously a good business to be in. It will be interesting to see how sticky their business is when restaurants start opening up again. Worth a watch at any rate.

Marley Spoon engages in the provision of food delivery services. It offers boxes with recipes, ingredients, and tips on cooking created by the chefs of the company, and then delivers them to its customers.

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Hasnt done anything so I exited the trade. Have an alert set in case price breaks the upper BB.

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Up through $2.20 on a big Bollinger breakout.

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Still running. Another big bump today.

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Another big pop.

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Hi $3.80 today before pulling back. Getting close to earnings, but a great runner so far.

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Looks like buyer interest coming back in after pullback.

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Coming back. Retested that resistance area, now support.

Or for a different view. Recent Bolly Breakout and bands starting to widen. Volume increasing. ADX and RSI both turning up hinting at momentum building.

zAngus

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on: