And more to come... Broke above a key line of resistance today during our latest bit of fun just as it did on the spike last week. Hopefully next week we stay above this line and turn it into a line of support. Other notable signs pointing towards a continuation are decent RSI strength with someway to go before it's overbought, MACD trending bullish, STOCH...
Earnings beat causes a spike above short term resistance, keep an eye out for support at this level over the coming days as next resistance will be circa 457. A dramatic spike is usually indicative of the direction of travel...Add in that the RSI is surging, the price is coming of two consecutive lower lows, a gap up above resistance, preceded by a dojo close the...
A head and shoulder reversal pattern is forming on Ocado. Started in August 2022, this is likely to complete this December, but not guaranteed. The left shoulder is forming as expected. But will it bottom at about 380p and then rise?
Like many other Businesses that were positively impacted by the Pandemic OCADO was clearly one of them . This UK Stock is a must have in any portfolio, what the Internet done to Blockbuster is what Ocado will do to the Supermarket eventually. March 2020 OCADO begins to break out and establish a Bullish Trend and prints fresh ATHs during Sept, followed by ...
just wait a bit, let he price come to you and enjoy the ride.
MKS is winning with the coronavirus vaccine! Roll on vaccines, roll on mks!
Ocado has gapped up - giving opportunity for 5% gains by short selling this gap fill.
Ocado broke out earlier this week from it's ascending channel formation. We had been trading this position over the past week or so and closed our position on Thursday before close of markets with a 16% profit. Will be looking for re-entry around £17.60.
Remeber when the gurus said OCADO was too expensive back then. Guess what they are saing now. Fundamentals for the win.
Ocado Group plc operates as an online grocery retailer in the United Kingdom.
Seems like $OCDO is reaccumulating. Cup&handle forming inside a flat top triangle. Waiting for confirmation
Last post: June 15th. See chart . Review: Price was pulling back after being in a nice uptrend. Update: Price is stuck inside the consolidation zone and currently at the support area. Conclusion: We need to see a breakout of this consolidation zone before looking at any trading opportunities. Any comments or questions, do not hesitate to leave them below....
Last post: June 11th. See chart . Review: Price was trending up fast after breaking out of consolidation. Update: Price is producing a pullback. There is a strong support level underneath which consists of the previous resistance turned support and the £10.00 round number. Conclusion: If the support level holds then it may present a pullback opportunity,...
This stock is featuring for the first time on our TradingView blogs. Current setup: Price is experiencing a strong trend and does not look like slowing down. Conclusion: As price has broken through a previous high on the daily timeframe it is looking good for a long opportunity. Any comments or questions, do not hesitate to leave them below. Give us the thumbs...
"While the market remains very competitive, there are the first signs of a change in market pricing dynamics coming through," said chief executive Tim Steiner Daily chart below shows a bullish symmetrical triangle breakout. Share prices has been riding along the support offered by the upper end of the triangle. Let us see if it spikes today...
Daily chart - higher lows on prices chart and RSI. Bullish DMI crossover. The share prices could head back to 286 (November high).