This pattern now looks to be invalidated. Let's see how this trades on Monday & Tuesday, but with half year results on the 14th of July, this could potentially see a nice bounce higher.
Will their good results push the price higher or is this already priced in and anything apart from exceptional be underwhelming and drop the stock.
Thought's welcome?
BH42
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This H&S looks to have been invalidated. Now potentially pushing up with earnings due in the coming weeks.
Rebs72
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Half year earnings release 14/7 - certainly one of the online players to have benefited from C19 - looks like strong potential upside if does break down. There's trend line from highs of 19/3 and 17/4 see how it tracks that over the next week might find support. Good luck.
BH42
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@Rebs72, Absolutely, i expect FTSE to breakdown this week and fall as per a recent post, Ocado to fall with it. I think Ocado is a great buy once we see a reversal in the FTSE in the next week or so especially as you say, coming up to earnings
@virtualtechie11, Hi Mate, sorry for the late reply. I rarely short. I have plus 500 and interactive broker, but usually do all my trading in positions and indicies via Hargreaves Lans and Vanguard.
virtualtechie11
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@BH42, cool, are you in US or UK? i use HL and II , for some reason i just feel likes of IG, CMC, Trade212 are a gamling house and dont like the way they work, i.e. they close the positions forcefully sometimes,
what if i want my investment of 100 to go to 1 and still hold on in case it comes back to 100 ! , so i am mainly trying to use ETFs until the market setlles down and will them move to individual shares
Will their good results push the price higher or is this already priced in and anything apart from exceptional be underwhelming and drop the stock.
Thought's welcome?