Jump to content

Ocado


Recommended Posts

I believe Ocado has completed a recent, and much-needed, 'blood letting' and looks set for a move back up. 

I'd probably keep a long position open with a stop just beneath 50% and target something around 1200 - 1250.

OCDO-4-hours.thumb.png.b388de79f60bb792f06773c9cf223d98.png

Edited by dmedin
Link to comment
3 hours ago, dmedin said:

I don't actually have a position open, because I'm not totally convinced it hasn't got further to fall.  Might be worth waiting for a week or so.  Might have further to go - down to 817 :D:D: :D

OCDO-Weekly.thumb.png.5e6b223287c2db6bc965aad8c42ee3ba.png

@dmedin

That looks realy good but if you look to the left ther's a bull candle about 50% of the rise in May if you wait and see on a weekly chart you will miss the action, now you need to move in closer  may be H1 chart or even closer if you have the skills but the trend looks good and a south star on a weekly is about as good as it gets, a stop loss at 1022 is not that big but if you wait for it to go higher the stop loss will still  be 1022 and a 50 week ma is a strong trend. I'm just saying the choice is yours. Good luck with your choice. 

  • Like 1
  • Great! 1
Link to comment

Not looking good!  Seems that this stock has further to fall 😲

How do I post PRT charts without the open order, stop loss etc displayed?  I don't want you to see how much I'm losing :P:D

Edited by dmedin
Link to comment

It looks okay for Ocado, though not strong.  There was big volume on the last day of trading with just a small indecisive candlestick so it could be a drying up of selling or buying pressure, let's see where it goes today!

OCDO-Daily.thumb.png.3efa027088286cace7ed14fbb4322529.png

Link to comment

Clearly some folks with very deep pockets managed to snag themselves a bargain in 'after hours' trading when the little man punter got shut out :)

 

16:35 - 08/07 Buy  671923 1,170.50p  £7,864,858.72
16:46 - 08/07 Buy 41800 1,189.31p £497,131.58
16:46 - 08/07 Buy 41800 1,190.04p £497,436.72
16:46 - 08/07 Buy 41800 1,189.31p £497,131.58
16:46 - 08/07 Buy 41800 1,190.04p £497,436.72
Link to comment
10 hours ago, dmedin said:

I've decided to take profit at 1200 as the price is pulling back and I think it's a good idea to wait to see what happens tomorrow.  Hope I don't miss out 🙈

@dmedin

Well played, you did right to bail. Those big buys may make big losses tomorrow. JD  has also come back for you 👿

OCDO-15-minutes.png.c19e5ca0b61ba8a32afa9c08b207265f.png

  • Great! 1
Link to comment

I'm really not sure which way it's going after today.  So far it looks like positive momentum is holding up.  Let's see where it stands at the end of the week.  I still think I did the right thing by closing out because you never know how volatile share prices can be on such days.  :D

OCDO-Daily.thumb.png.22402e9f52cf92054c800e8898d60da6.png

OCDO-Weekly.thumb.png.b8dec62ab653da76548c5cddc8ab3392.png

 

 

  • Like 1
Link to comment
  • 3 weeks later...
  • 4 weeks later...
  • 2 weeks later...
  • 1 month later...

Zut alors!  It looks like it dropped beneath a triangle, but it could just be that the triangle needs redrawn.  The volume on the drop is low, and there's a 200-day SMA that might provide support.  Ooh!  Listen to me, being all technical!  😺

Selection_003.thumb.png.e9c89f46675a017f0a8e56c99b59f634.png

Link to comment

 

57 minutes ago, dmedin said:

Zut alors!  It looks like it dropped beneath a triangle, but it could just be that the triangle needs redrawn.  The volume on the drop is low, and there's a 200-day SMA that might provide support.  Ooh!  Listen to me, being all technical!  😺

perpetually redrawing TA lines is all part of the fun but with investment and experience you will be able to produce charts like the one below that clearly show so much more information than your current humble efforts 🙂

Chart1.PNG.ec20ea87e8e453f803686243a1e8f31b.PNG

 

 

 

  • Great! 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • General Statistics

    • Total Topics
      21,231
    • Total Posts
      90,823
    • Total Members
      41,333
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    nickingo
    Joined 03/02/23 00:46
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 3 February 23, Polkadot /U.S.dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((1)) Direction Next higher Degrees: wave I of Motive Wave Cancel invalid level: 4.23 Polkadot /U.S.dollar(DOTUSD) Trading Strategy: The rise of the first wave in an uptrend, upon completion, the price will retrace again in the second wave, but must not retrace more than 100% of the first wave. Gives us the opportunity to join the trend again. Wait for the second wave to finish. Polkadot /U.S. dollar (DOTUSD)Technical Indicators: The price is below the MA200 indicating a downtrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod Source : Tradinglounge.com get trial here!   Elliott Wave Analysis TradingLounge 4H Chart, 3 February 23, Polkadot /U.S.dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave (C) Direction Next higher Degrees: wave I of Motive Wave Cancel invalid level: 4.23   Polkadot /U.S.dollar(DOTUSD)Trading Strategy: The rise of the first wave in an uptrend, upon completion, the price will retrace again in the second wave, but must not retrace more than 100% of the first wave. Gives us the opportunity to join the trend again. Wait for the second wave to finish. Polkadot /U.S.dollar(DOTUSD)Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum.
    • US stock market is currently showing a bullish trend with several companies, such as Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT) being very bullish. Stock Market: SP500, Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Summary Earnings for large tech stock creates Elliott wave three's  Elliott Wave Analysis: Lows in for the stock market as the market Impulses higher Trading Strategies:Continue to hold Long Trades Video Chapters 00:00 SP500 / RUT 07:00 Apple (AAPL) 13:30 Amazon (AMZN) 16:15 NVIDIA (NVDA) 19:38 Meta Platforms (META) 20:23 Netflix (NFLX)  23:23 Enphase (ENPH) 28:28 Tesla (TSLA) 30:52 Alphabet (GOOGL)  33:02 Microsoft (MSFT) 36:49 Berkshire Hathaway (BRK.B) 38:40 Block Inc. (SQ)  42:59 Bank of America BAC 48:31 TRIAL Buy 1 Month Get 3 Months  Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  
    • Look Ahead to 03/02/23: US jobs; Caixin; US ISM non-manufacturing PMI; SASY earnings After the Fed, ECB and the Bank of England all raised interest rates, traders turn their attention to the keenly watched US jobs report. We’ll get live coverage and reaction to the NFPs from IG’s Angeline Ong and Joshua Mahony. Plus, look out for ISM non-manufacturing PMI data for more hints on the health of the US economy, and earnings from French healthcare company Sanofi (SASY).   Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Thursday 02 February 2023        
×
×
  • Create New...