Ocado (LON:OCDO) is not a share I would normally consider but it has popped up on a Minervini Power Play screen. Minervini looks for 100% share price increase in eight weeks (it took nine weeks for Ocado) followed by a consolidation/correction period where the price corrects by no more than 20-25% in 2-6 weeks.

Ocado (LON:OCDO) has corrected by about 21% (550-432) and is now moving back up. I will be buying a small position if it breaks out above £5.50.

Does anyone else have any experience of this kind of play? Any thoughts on this potential play?

M.

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