BUY OCADO TARGETING 449p 100% FIB RETRACETime to buy Ocado again as it looks to resume it's trend northwards towards £5
OCDO trade ideas
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.
STRONG BUY EASY £5 A SHARE COMING HEREAll aboard, no nonsence fib retrace action event.. buy now and target circa £5 a share or bearish divergence.
Which way for Ocado?Stage 1 base forming for Ocado, almost perfect rectangle, with multiple touches at 370 support.
Is this a chance to go long, or will it break to the downside? wait and see.
Do your own research (DYOR) and this is not a solicitation to make as trade.
Ocado failing to deliver the goods Bearish continuation as we break out of this trend continuation pattern. Don’t try to catch a falling knife, this might get ugly.
Follow for updates as I will be watching this closely.
Will it bounce ?Ocado Group has been a terrible stock to hold as any long term investor knows only too well.
Price is currently £3.50, back to the level last seen June 2023. As can be seen on the chart the price rallied strongly from this point.
The 4hr candle chart has just posted a bullish engulfing pattern, it must be noted the ftse is currently up 60 points and change. Ocado currently up 2%.
The Trading View standard rsi divergence indicator has also given a buy signal.
May be worth a nibble ?
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?
OCDO forming inverse head and shoulder patternOCDO forming inverse head and shoulder pattern.
Trade idea given according to projections from head formation and tp1 and tp2 set according to left shoulder
OCDO forming inverse head and shoulder patternOCDO forming inverse head and shoulder pattern.
Trade idea given according to projections from head formation and tp1 and tp2 set according to left shoulder
Update on OCADO count.To understand the potential of Ocado one must read Jeff Booth's book "The Price of Tomorrow: Why Deflation is the Key to an Abundant Future,". Ocado's innovative use of automation and robotics in their grocery fulfilment is a real-world example of the technological advancements that Jeff Booth discusses in his book.
OCADO CountHere's my assessment of OCADO. I believe the market has hit a bottom and is poised to begin the second upward wave. I welcome any feedback as I'm relatively new to applying Elliott Wave Principles. OCADO has the potential to streamline various manual stuff involved in food distribution, may be contributing to deflation in this sector.
OCDO INDUSTRY 4Better potential than anything stateside imo for an industry 4 retailer
Upside huge
We must be wary of a retest of the last low circa 500
Looks to be freeing itself of the downtrend
Bull div
Not broken out I’ll look to add on a pulllback from a breakout
GRI 2023
A future Amazon and potential 5 bagger Pretty sure bottom is in here
We have this IHS plus some nice geometry and tricky pa
Where AMZN nailed cloud these guis are doing Industry 4 sheet: ai/robotics/M2M/ML/IoT
Send it
Sorry muricans your Western tech hegemony is ova
GRI 2023
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.
A must watch www.youtube.com
www.youtube.com
Ocado potential to push higherOcado 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?
OCDO | Bear Flag?Hey all,
After a steep pullback, Ocado is sporting what could be a bear flag on all time frames.
I chose to illustrate the weekly in order to show my downside target, which is a reversion to the long-term uptrend.
This stock enjoyed a very strong rally to the upside with Stay-at-home tailwinds in early 2020, but RSI has been in a downtrend pretty much since May 2020, and is now trading beneath Weekly MAs.
Will be on the lookout for a breakdown beneath the flag. Afterwards, I will be watching ~1950GBX support, which may coincide with the 100-week MA. If this level is broken, theres not much support until about ~1450GBX.
I'm long the name and am still bullish on its overall prospects, but this pullback has been necessary. Will be adding more shares long if we trade back down to ~1450GBX.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
💡$OCDO - Ocado to move higher after triangle squeeze?💰+22%🏌️📚Ocado stock price has been very volatile over the past 12 months. Currently, ocado is being squeezed by a triangle pattern. If price can break out to the upside and close above 2135, which is a strong area of resistance, Ocado stock could move higher.
💡$OCDO🚚 4H ascending triangle + 1D resistance breakout💰+15%🏌📚Ocado is forming a ascending triangle on the 4H chart, after a long downtrend. This is often a reversal pattern. Price is also sitting a key support turned resistance zone. Should price break this triangle pattern and this resistance zone, Ocado price could move higher 15%.
1, 3, 5, 7, ? Guess what is ?Sometimes, I like to analyse charts in this pictorial view to give myself a different perspective and also to spend some time "curating my charts" with different colours and description. In a way, it is tantamount to drawing to me , haha.
So here, we see some historical patterns where the price actions find some support, hoovering within the rectangle for a while before it breaks out. However, it does not always go much higher after it does so BUT if you hang on long enough, it will continue to rise.
Read more about this company here
OCDO | Bearish H&S Rejected on long-term upwards trendI am really happy to see that what was looking like a Bearish Head & Shoulders pattern has been rejected on OCDO's longterm upwards trendline.
The setup has drastically improved as we can now see an Ascending Triangle breakout set-up that will likely see this stock in for a slow, low volume grind back up to ATHs.
20- and 50-day moving averages have also improved drastically and are on the rise.
In terms of Fundamentals, this company has been reaping the benefits of extended lockdowns in the UK for its Grocery Delivery business, which is probably why the ~2150GBX support level held.
I'm liking this LONG: any thoughts?
Thanks and Happy Trading!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
