Ocado #OCDO breaking a 4 months downtrend. Decent volume last 2 days and channel break indicates a run to 560p. Stock can be squeezy. We are along for the ride now. Expecting 400p+ next wk.
Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ reuters.com/business/retai…#mks#ocdo sadly not reflected in the share prices! M&S -7% YTD and Ocado - 54% YTD
I now own the following British branded retailers in my investment portfolio. IMO they were all too cheap to ignore:
🛒Ocado #OCDO
🧥 Burberry #BRBY
🎒Mulberry #MUL
⌚️Watches of Switzerland #WOSG
🪚Wickes #WIX
#OCDO dropped back below the prior low took out my trade at entry but that's ok Now it gets serious for long term holders. Is this just a fake break to buy or breaking to new lows. I've bought back some @ 341.6 with a stop @ 337 although will likely manually cut before then.
#OCDO Turning into a regular trade. Back in this morning. Tightly managed starter lots until it breaks higher as its been testing long term support for weeks
#OCDO Given the drop in the index surprised it's managed to put in a decent bounce Depending on the market reaction tonight it could gap up or down tomorrow.. I'm playing it safe have banked the profit & will look again in the morning out @ 346.7
#OCDO Here we are back close to my recent entry I think my returns were +8% and +4% on the balance .. its not investor friendly one of those stocks to trade not buy and hold .. Back in with a starter lot @ 344.4
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