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Need to see a wee bouncy-bouncy then might go short 🙈

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Zut alors!  I wonder if it will go all the way to 1029?  I would bet so, but my modest funds are tied up other things :(

OTOH, it might be a nice buy when it reaches the bottom and starts climbing again later on.

1164303890_OcadoGroupPLC_20191112_09_40.thumb.png.6191ba47fc238acab60552486e81efbe.png

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@dmedin- It's up for today so far, but will it stay up until close of business.

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Every morning has shown bearish behavior since last Wednesday. Could this potentially be the turning point and be a bullish day?

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Here comes the bouncy-bouncy!  If it starts to fall again after hitting that level then I would say it's heading back down again.  I've no idea why this is so from a fundamental level, something to do with M&S poor clothes sales?

Selection_003.thumb.png.ef32c24623332903b07f043e17616230.png

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Strange things going on.  Looks like a 'key reversal day' with a lower low but a close above the previous day's high.  Great gyrations!

Selection_001.thumb.png.face4b619cce214bab9831473213b9fb.png

 

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I decided to stop trading on shorter time frames until I got better at inter-day trading, but this would have been an excellent one to day trade.  Everything just aligns perfectly - the candle stick patterns, volume, moves below the MAs, the RSI rising above 30.

greggshourly.thumb.png.1e1ffe7d458294818a2b7ae69ccc9efa.png

 

 

Edited by dmedin

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On 13/11/2019 at 12:57, dmedin said:

If it starts to fall again after hitting that level then I would say it's heading back down again

 

Sorry for sounding stupid ... I meant to say, 'If it hits this Fib and bounces off it, I think it's going to fall down to the next Fib'.

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It's starting to look like the sudden and inexplicable drop in Ocado's share price was just an opportunity to buy back in at a better price, not to go short.  🙈

@CharlotteIG In retrospect your post sounded like a hint :DOCDO-Daily.thumb.png.904bfe14887aadee34707622081b9446.png

 

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1 hour ago, dmedin said:

It's starting to look like the sudden and inexplicable drop in Ocado's share price was just an opportunity to buy back in at a better price, not to go short.  🙈

@CharlotteIG In retrospect your post sounded like a hint :DOCDO-Daily.thumb.png.904bfe14887aadee34707622081b9446.png

 

@dmedinI saw the large drop and once the bullish candle was visible again thought it could be a potential buying opportunity but with the large bear movement it's hard to predict if it will reverse direction or continue with the downward trend. 

🐻 vs 🐮

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I find it fascinating that we see such violent moves in price up and down immediately before the announcement that Ocado is issuing debt.  Not that I would want to suggest that certain interested parties have access to sensitive information before the general public does, because that would be insider information.

Edited by dmedin

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Very strange chart, glad I'm not holding any positions.  An earning report soon though!

955313472_OcadoGroupPLC_20191206_09_50.thumb.png.4cb421087d49a864d6739e886d741017.png

 

Edited by dmedin

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They are expecting a good Christmas and will be opening a new robotic 🤖 warehouse in 2021.  So it looks good for a wee long.  🐮

1157379666_OcadoGroupPLC_20191212_09_53.thumb.png.7db8f470eee22bceefb0208d513411cc.png

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