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

20 Nis 2020

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.

29 May 2020

Not

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

14 Tem 2020

Not

Up through $2.20 on a big Bollinger breakout.

22 Tem 2020

Not

Still running. Another big bump today.

31 Tem 2020

Not

Another big pop.

24 Ağu 2020

Not

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

24 Ağu 2020

Not

22 Eyl 2020

Not

Looks like buyer interest coming back in after pullback.

15 Eki 2020

Not

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.