Will it bounce ?
Ocado Group has been a terrible stock to hold as any long term investor knows only too well.
Price is currently £3.50, back to the level last seen June 2023. As can be seen on the chart the price rallied strongly from this point.
The 4hr candle chart has just posted a bullish engulfing pattern, it must be noted the ftse is currently up 60 points and change. Ocado currently up 2%.
The Trading View standard rsi divergence indicator has also given a buy signal.
May be worth a nibble ?
Price is currently £3.50, back to the level last seen June 2023. As can be seen on the chart the price rallied strongly from this point.
The 4hr candle chart has just posted a bullish engulfing pattern, it must be noted the ftse is currently up 60 points and change. Ocado currently up 2%.
The Trading View standard rsi divergence indicator has also given a buy signal.
May be worth a nibble ?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.