Short term view - JUST EAT PLC : The background trend is clearly bearish.
The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant.The next support is at 596.00 p. The background trend would be questioned should prices rise above 720.80 p.
Just Eat operates a digital marketplace for takeaway food delivery. The Just Eat apps and websites enable customers to search for restaurants in their area using a variety of criteria, such as by cuisine choice and preference for delivery. Customers can read previous customer reviews and examine the menu. Details of the order are sent to the restaurant via Co.'s proprietary technology. The customer can pay online or by cash. Co. has four reportable segments: U.K., Australia and New Zealand, Established Markets and Developing Markets. Established markets include the operations in Canada, Denmark, France, Ireland, Norway and Switzerland. Developing Markets include Italy, Mexico and Spain.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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