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andmk2
Sep 28, 2023 8:56 AM

Right shoulder forming on Ocado  

OCADO GROUP PLC ORD GBP0.02LSE

Description

A head and shoulder reversal pattern is forming on Ocado. Started in August 2022, this is likely to complete this December, but not guaranteed. The left shoulder is forming as expected. But will it bottom at about 380p and then rise?

Comment

Correct so far

Comment

Weak and not completing as expected

Comment

Heading towards 388
Comments
Gioviano55023
Another disappointing week for Ocdo, even though some buys yesterday...looks like falling further to me...my prediction 340-360 based on weekly trend lines
Gioviano55023
looks right to me
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