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Sublime_Trading
Jun 15, 2018 2:08 PM

Ocado Producing A Pullback Long

OCADO GROUP PLC ORD GBP0.02LSE

Description

Last post: June 11th.
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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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