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US is selling off again. Party over for the US composite indexes? Tomorrow could be interesting.
Buy signal
Motley fool just peddles clickbait. Not credible. That goes for their tips aswell. Infact do the opposite.
Read it and weep
https://uk.finance.yahoo.com/news/5-stocks-fools-think-overvalued-011800434.html
Cue the sellers?
https://invst.ly/14e9ad
It would be interesting if this does close above 365 today (I'm not holding my breath).
Even 360 may get tougher as the day progresses.
Poss 363 break to 375 c 1 hr tf
https://invst.ly/14e6xa
Obviously it shows the Ocado solutions model hasn't worked for Kroger breaking into new markets as it had hoped. Read across is that Kroger will build far fewer Ocado spokes in the future and be hesitant about moving into geographies where it has no physical presence. Other potential grocery partners overseas will pick up on Kroger's dissatisfaction with the Ocado spoke performance.
Heading back through 400, response to CPI was overdone
Lifted .....
Stop spreading FUD. The Kroger spoke closures are long haul spokes circa 4 hours away from their parent CFCs, not accounting for traffic conditions. This has obviously proved a stretch too far and should not be interpreted as anything other.
Https://finbox.com/LSE:OCDO/explorer/total_debt/
Its a busted flush
Over 5 years, the debt went from £600 M to £2000, with the time shifted SP moving from 2800 to 350.
The SP peak was due to an expectation of very high growth - But its collapsed/collapsing because the reality is 3 years of very high debt and no significant growth.
Anyone who still think this company has an "amazon" future and that the "SP MUST BE GOIN UP SOON" are going to have very burnt fingers
Valueplay,
Is there anything positive you see at all for Ocado or just the reiteration of the same negatives from last week or so?
thanks
Heading blue as increase in holdings brings confidence
Greedy when there is a lot of fear. Time to switch from short to accumulated. 350 or below waiting.
Mental note: do not invite Valueplay to my birthday party.
Yeah and the world is ending tomorrow!!
A continuation of the obvious downtrend for the share price. Negative issues in Ocados 2 major contracts. Kroger closing Ocado spokes, M&S threatened with the prospect of legal action. Huge overcapacity issue at Ocado retail hampering profitability. Large annual losses still being recorded by Ocado group. Chairman leaving. New grocery partner sign up very slow to Ocados solutions etc.
Some desperate selling by our new shorty friends. Big opportunity here at these crazy low prices.....
Just feel this is now ambitiously oversold
3 hrs in trade day hasnt fallen below 350 ...more legs needed
Given that OCDO is in a continuing trend that’s falling at about 10p per day, recent horizontal support levels have not been lasting many days.
Last year’s low of 342 historically represents the next likely level of support.
Very annoying with your acronums ms, please explain
I was trying to get a link to share a chart as to why 350 area might represent a support, but I've forgotten my password and can't do that for the moment, but the rationale is this for those who can look at charts themselves.
if you draw a descending tl from Feb 2nd/Mar 4th (almost)/Apr 9th/today, then 350 might represent a support. I suspect it's grasping though.
Sm R @ 348 ...around the last week chart posted....
I suspect that the round number thing is at play. I also suspect that's more related to PI's than algos and II's. Each time it try to rise, it's sold into at the moment. I'm exposed from an average around 380, but won't add for the moment, there seems to be considerable downside risk and although 345 might represent a speculative entry based on support, I'll probably wait for evidence that buyers are getting back in control before adding to try to bring my entry average down.
Seems to have found support at 350.00, those waiting for 345.00 could miss out