Delivery Hero has entered and upheld a healthy trend-channel indicating a long term trend.
The RSI has placed and stayed in a level above 50 indicating a strong buyers market, combined with the MacD indicating af strong momentum to stay in the trend.
Looking at the fundamental analysis of the company, we see a strong development in the revenue which double from 2018 to 2019.
This can be combined with knowledge about the market. Due to the Covid-19 pandemic we see an increased trend to shopping online, and thereby decreasing the individuals risk of getting the virus.
I personally believe that this trend will keep going long after the vaccines arrive, since people are now much more deliberate about the risk of getting infected and not only by Covid-19 but also other more common viruses.
The RSI has placed and stayed in a level above 50 indicating a strong buyers market, combined with the MacD indicating af strong momentum to stay in the trend.
Looking at the fundamental analysis of the company, we see a strong development in the revenue which double from 2018 to 2019.
This can be combined with knowledge about the market. Due to the Covid-19 pandemic we see an increased trend to shopping online, and thereby decreasing the individuals risk of getting the virus.
I personally believe that this trend will keep going long after the vaccines arrive, since people are now much more deliberate about the risk of getting infected and not only by Covid-19 but also other more common viruses.