Sublime_Trading

Ocado Producing A Pullback

Long
LSE:OCDO   OCADO GROUP PLC ORD 2P
Last 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.

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