Ocado potential to push higher
Ocado Group LSE
Ascending triangle forming on the 50% fibonacci support from March 2020 lows of 990 to highs of 2900s. Directors dealings into correction could also add to probability of a move upwards. Stop losses or short orders under the 50% fibonacci support?
Ascending triangle forming on the 50% fibonacci support from March 2020 lows of 990 to highs of 2900s. Directors dealings into correction could also add to probability of a move upwards. Stop losses or short orders under the 50% fibonacci support?
Comment:
Price broken down from ascending triangle. Looks like approaching strong level of support. Possible short entry on break of support at 1950 area