Ocado potential to push higher
Ocado Group LSE
Ascending triangle forming on the 50% fibonacci support from March 2020 lows of 990 to highs of 2900s. Directors dealings into correction could also add to probability of a move upwards. Stop losses or short orders under the 50% fibonacci support?
Ascending triangle forming on the 50% fibonacci support from March 2020 lows of 990 to highs of 2900s. Directors dealings into correction could also add to probability of a move upwards. Stop losses or short orders under the 50% fibonacci support?
Note
Price broken down from ascending triangle. Looks like approaching strong level of support. Possible short entry on break of support at 1950 area
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.