Ocado Group Potential shortAs 200 SMA is untested since March, the chart is set up nicely to retest ST.
OCDO trade ideas
Strong BuyTaking a long position on Ocado. British online grocery store Ocado $OCDO.L (Ocado Group PLC) announced a new partnership with Japan’s biggest supermarket chain, Aeon.
Ocado -5% Gap FillOcado has gapped up - giving opportunity for 5% gains by short selling this gap fill.
Ocado head & shoulders Ocado looks to have produced a strong head & shoulders and we could see a drop down to around 1775.
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.
Ocado rectangle breakout1 year rectangle and now a breakout. 1795 expected.
This not a recommendation to trade.
Ocado - Looking ripe for buying.Technical
Ocado has had a dramatic rise in price over the past 18 months. The breakout level at 1163p has been retested and has so far been well supported. The shares have been in a consolidation phase for the past few weeks, but some signs are emerging that could put an end to the sideways price action. A move back to and above the previous highs is expected from here.
Fundamentals
The company continues to make strides into technology, which offers potential medium-term growth.
Numis reiterated thier 'Buy' rating on the 10th May 2019 with a price target of 1700p
Ocado has announced a string of deals and recently tied up a joint venture with Marks and Spencer.
Stop 1105p
Target 1500p
"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 - resistance/ flat top triangle We must wait till next monday to discover if it can brake it out
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
Will $OCDO break out of its descending triangle?Pressure for a breakout has been building in the past few weeks.
A Bullish engulfing candle could be the signal for more.
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...
