BUY OCADO TARGETING 449p 100% FIB RETRACETime to buy Ocado again as it looks to resume it's trend northwards towards £5
Ocado
9% up since we tipped it on the 27th of September....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 sharply upturning from oversold and the share price has now closed above the 20, 50 and 100 day moving averages for the first time since the 1st of August.
We increased our position by a third today to take advantage of what is hopefully a strong continuation.
OCADO BUY REITERATION 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 day before.
Still looks good for breaking into the fives.
Right shoulder forming on Ocado 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?
Ocado Group Huge potential Time to Buy for 50%+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 a 40 % retrace lasting until December 2020 and then a retest of the highs which took us to
the end of January 2021.
Since the retest of the highs in January we have been in a retrace which is very close to completion .
The pattern you see is the Deep Crab harmonic, with the area to buy clearly marked *PRZ Price Reversal Zone
I have marked out some potential take profits that you can expect to recieve upon completion of the Harmonic.
Swing Trade or Long term investment this Stock is a must have and truly is the Amazon of the supermarket industry.
Ocado Group is a publicly-traded company that develops software, robotics, and automation systems for online retailers. Ocado Group undertook an initial public offering on the London Stock Exchange on 21 July 2010, and is a member of the FTSE 100 Index.
Ocado Group was built upon its retail business in the UK, Ocado Retail Limited, which is a separate legal entity today. However, Ocado Group has evolved from a retail business to a technology company and it is claimed that it is valued more like the US technology company Amazon than its retail counterpart Tesco in the UK. On 21 November 2019, following the creation of a 50/50 joint venture company with retailer Marks & Spencer (Ocado Retail Limited), Ocado was no longer required to call itself a grocer by the Competition and Markets Authority.
Ocado Retail Limited (ORL) or Ocado.com is Ocado Group's British retail partner and an online supermarket that uses Ocado Group technology.
The Ocado Smart Platform is Ocado's hardware and software platform for operating retail businesses online. Clients include the following supermarket chains: Morrisons (UK); ICA (Sweden); Group Casino (France); Sobeys (Canada); Kroger (USA) and Bon Preu (Spain).
The Ocado Smart Platform (OSP) is the organisation's 'suite of solutions for operating online grocery businesses'. The platform supports retailers with webshop, mobile applications and voice ordering for their end consumers.
Ocado Group's physical warehouses called “Customer Fulfillment Centres” (CFC) are also part of the smart platform along with the store pick technology that it sells to its partners.
OSP also supports last mile technology which includes fleet management, routing and delivery planning.
Ocado Group claims that the platform was created at an “intersection between six disruptive technologies: AI, Robotics, Digital Twins, Cloud, Big Data, and IoT. Ocado Group’s proprietary technology is protected by over 200 patents.
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Ocado -5% Gap FillOcado has gapped up - giving opportunity for 5% gains by short selling this gap fill.
Ocado ascending channel breakout profit 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.
"This thing is so overpriced" (anybody in 2014)Remeber when the gurus said OCADO was too expensive back then. Guess what they are saing now.
Fundamentals for the win.
Will not buy Ocado Group until £5.95Ocado Group plc operates as an online grocery retailer in the United Kingdom.
Ocado bullish setupSeems like $OCDO is reaccumulating. Cup&handle forming inside a flat top triangle. Waiting for confirmation
Ocado Bouncing Off SupportLast 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. Give us the thumbs up if you share our sentiments!
Sublime Trading
Ocado Producing A PullbackLast 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, otherwise it may be best to wait for a breakout of the recent high.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Ocado Moving Up Fast!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 up if you share our sentiments!
Sublime Trading
Ocado eyes end to price war, daily chart shows bullish symmetric"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...
Ocado looks set to test November highsDaily chart - higher lows on prices chart and RSI. Bullish DMI crossover. The share prices could head back to 286 (November high).
