The HLFFF (HELLOFRESH SE) stock is currently trading at $20.5. The long-term downtrend has slowed down, but there are still no signs of a reversal. However, based on technical analysis, the price has touched the lower Bollinger band on the weekly chart. There may be a rebound towards the trendline.
Trading idea: traders should wait for a rebound towards the trendline to enter a short position around $24.5, with a stop loss at $27. The profit target is expected to be at the previous low of $10.
HelloFresh SE provides personalized meal solutions. It is divided into three segments: United States of America (USA), International and Holding. The International segment includes Australia, Austria and Belgium, Canada as well as Germany, Switzerland, the Netherlands, Switzerland, Australia, Canada, Germany, Switzerland, and the United Kingdom. Dominik S. Richter, Thomas W. Griesel and Jessica Nilsson Schultz founded the company on October 4, 2011. It is headquartered in Berlin.
