Will it bounce ?

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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 ?

Penafian

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