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Ocado


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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
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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. 

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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
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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

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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
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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

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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

 

 

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  • 3 weeks later...
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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

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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

 

 

 

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