OTLY H&SFor OTLY I believe a continuation head and shoulders is forming with a neckline around 1.30, above this level I believe a resumption of the positive trend
9ZX trade ideas
Oatly Whats likely, More Price Decline or Bottom reached?Hi Guys. This is a Technical Analysis Update on Oatly, (OTLY). On the 1 Week Timeframe.
We are in a critical area for OTLY.
We have continued our DECLINE from the REJECTION area
With last weeks candle close, We have CLOSED BELOW the "MAJOR SUPPORT" Area.
This candle close isn't enough information to assess what comes next. The next week or the next couple weeks we need CONFIRMATION.
So its important to observe what happens next.
So couple of scenarios can occur:
1. We confirm back ABOVE the MAJOR SUPPORT line. Leading to the formation of a DOUBLE BOTTOM pattern. This would confirm our bottom for OTLY, and we start to move back up to Resistance levels.
2. We CONFIRM our break BELOW the MAJOR SUPPORT.
Leading to not only ALL TIME LOWS, but the potential for the DESCENDING Triangle to play out.
If thats the case, we can go as LOW as $0.40 cents.
But without data points, its hard to assess if we do go down that far or stop before.
Notice also the "Bullish Divergence Trendline" on Price action. This line coincides with our "Measured Target".
Could be an area where we bounce from and be a potential Bottom area.
3. Ideal scenario would be we come down a bit lower from the Major SUPPORT Line and start our way back up ABOVE "Major Support". This would form a "Head" and play into a potential bottoming pattern, the Inverse Head & Shoulders pattern. The First green circle indicating our 1st bottom of potential double bottom, would be our left shoulder.
Watch also the RSI. We are nearing a Support test on the "Bullish DIVERGENCE" trendline. We want this to stay as support. We don't want a break and confirmation BELOW the RED dashed line. It could negate our Bullish Divergence Trend.
The STOCH RSI is also something to watch. We have traveled BELOW the 20 level. Extended stay below here, would indicate further Price DECLINES. We would like to see a BUllish cross back ABOVE 20 level for Bullish Momentum to come in and push prices back up. If we do get a cross, then Double bottom is likely.
We need to stay level headed as OTLY bottoms out. Take it one step at a time with an objective mindset.
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Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on OTLY in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
OTLY & One Potential Path I see this route upward as one of the possible scenarios going forward. Judging by prior performance, I wouldn't be surprised by some short-term volatility.
DYOR. Trade Slick.
OTLY looks onward after recent lowI'm seeing now the 1-year target as $2.06 which seems to fit this chart pattern. I think we could see some action on it similar to this.
LONG in OTLY, Oatly GroupMAs held
RSI, STOCH RSI reset with higher low
SL 0.97 TP 1.44 (restest of 200 SMA and EMA)
www.tradingview.com (in dark mode)
OATLY Technical AnalysisOatly, a Swedish company specializing in the production and marketing of plant-based food and beverage products, predominantly centered around oats, has been under heavy fire selling since IPO despite the overall growth of plant-based products and increased demand for alternatives to traditional dairy.
The chart above illustrates the OATLY stock price in a logarithmic scale, indicating a current attempt to break free from the descending channel established since July 2021. This breakout is anticipated to pave the way toward filling the open GAP within the $1.90's to $2.20's zone, from there, pull backs to hold above $1.30's and continue higher towards the $4 supply zone.
Is Oatly Dead? Is it going to 0?Hi Guys! This is a Technical Analysis for Oatly (OTLY), on the 3 Day Timeframe.
New candle starts today
So the question here is whether or not OTLY is dead and if its going to 0?
It may seem like that but when "Checking underneath the hood" with TA, things become clearer and you can understand whats going on objectively with a level head.
So we've come down signficantly from around the highs of $29, about a 95% drop to current prices.
And its been alooooong time we've been on this downtrend, about 781 days.
In my case though, the question i've been asking with Stocks such as OTLY or SPCE or BYND or CVNA (before the massive run) is whether or not there are signs of bottoming?
And with such a new stock, it can be a little difficult to assess since theres not as much data points to go with.
But you can still make do with what you got!
We are Currently 4 RED candles in, watch the size of our current candle. IF at the CLOSE of this current candle, the body of it is small, that can be an indication of BEARISH momentum decline.
Notice how we got our most recent DOWNTREND, it is due to the RED circle that indicates price hitting a convergence of Resistance:
1. the 50 Simple moving average
2. a RESISTANCE trend line from 08/2022.
We are now nearing our previous low of around $1.35. Which is MAJOR SUPPORT.
Notice the 2 GREEN CIRCLES -> Provided we don't breakdown below $1.35, this can be a DOUBLE BOTTOM pattern.
We have to watch the next couple weeks of how we interact with SUPPORT.
NOTE: This MAJOR SUPPORT hasnt had 3 touches, which in TREND theory, it states that usually a minimum of 3 touches are needed on trend lines for it to be significant.
So, this can be an area we BOUNCE from in the SHORT-Term -> back to the BLACK resistance line or RED Resistance line
There is also a RISK of a Descending triangle playing out, where we break below the "MAJOR SUPPORT". Measured Target would be $0.58-0.60 cent level.
But again TA is about taking it 1 step at a time. To even think about this i would need:
1. Candle close BELOW MAJOR SUPPORT
2. CONFIRMATION
-> In the form of candle patterns
-> Re-test of the SUPPORT turned as RESISTANCE and a Rejection back down.
It absolutely does not have to play out this way BUT a scenario could be that we bounce from here, test the 08/22 RESISTANCE and come back down to test MAJOR SUPPORT level.
It is also possible that we MOVE SIDEWAYS (Within ORANGE Rectangle zone). With the Volume currently in a DECLINE, marked by the BLUE moving average. This means volatility will come down, leading to the probability of sideways action.
Now Check out the RSI, we have printed a Lower Low. This could lead to further DECLINE of RSI. WE are also BELOW the BLACK RSI Moving average, which can be indicative of further price declines.
STOCH RSI, is making its way below the 20 level. We will have to see how long we stay once we get below it and how low we actually get. Longer we stay below, higher the probability of further declines.
MACD -> a momentum indicator, is currently printing RED histograms. This is a BEARISH Signal. We dont want the bars to get massively big in size.
CONCLUSION:
Price declines of massive proportions can be extremely scarey and a place for capitulation, where people give up. This often times leads to further decline of price. However through all that, if you stay level headed with TA, you consider or pose the question..... Yeah, but is it showing any BOTTOMING signs? OTLY is 95% from its lows, we are currently back to MAJOR SUPPORT. This can be indication of a DOUBLE BOTTOM but in my opinion, its still too EARLY to tell. Especially with indicators still showing signs of a chance for more downside. I would need to see confirmation.
Stay tuned for more updates on OTLY in the near future.
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
$OTLY Looking to Make a Move Very Soon 🥁Due for the big runup imo. Always have a downside protection when a stock is bottoming.
$OTLY #OATLYThis one of the alternative milk products, have not had a break since its IPO a year ago. Looks like some downwards movement continues.
This might trade down to $1-0,5 and then will pop, wishful thinking. But narrative have not changed.
Oatly... Buy NOWJust broken out of its wedge and is now on track to breaking its resistance level around $10.
- A break of this resistance will be fairly substantial as oatly begins its first major breakout.
- There is a gap to fill around $11.20 which does require us to break the strong resistance.
Onwards and upwards, wishing you all the new year the this trading year.
See you on the moon
Khan's Swing-Trading Idea - KW 48 - Play #4 - $OTLYLooking good for a possible reversal, high volume during the past days.
Expanding business into China – Good price with defined stop limit.
OTLY Oatly Group AB Price TargetsOatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden.
It offers Barista edition oatmilk, oatgurts, and frozen desserts and novelties.
Price Target 1: $12.40
Price Target 2: $14.90
Stop loss: $8.50
Looking forward to read your opinion about it.
OTLY Chart Interesting set-up with how there price is very representative of the volume. Judging from the large sell volume recently after an increase and the return to relevent fib levels it seems likely that there will be another short term bullish move followed by a minor correction. Overall, chart looks good and the R/R here is decent. Market seems to be on a return but we are currently as a resistance level so I wouldn't be surprised if the share price decreases to the low 14's. Good trading everyone.
Oatly group. Falling wedge. Heavy call activity. Evening everybody, this is a stock I have been following fairly closely since IPO as I am a daily consumer, it finally made me want to enter.
We have been trending south since IPO but a reversal candle pattern on the daily paired with a hammer on the weekly suggests that downtrend is about to change, albeit if we break out of falling wedge. We see a fisher cross on the day and we have just bounced out of oversold conditions on the day.
Also delving into the derivatives activity behind this stock there is huge calls for December 17th which suggests the price will go North.
Up a fair amount today so will be worth waiting for a pullback or entering
Stay safe out there guys and gals.
OTLY Dip Buy The chart shows a wave 2 dip to the .618 levels and a trend in the other direction beginning. Also, the legal issues that were one of the primary causes for the dip in Oatly are getting settled. These factors alongside increasing volume indicate that there could be a reversal in the trend as long as the overall market can at least stay neutral. Keep risk to a minimum and take profits.
Oatly Analysis 15.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis
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Trend reversal for $OTLY stockHello,
looks like we are going for a trend change here on $otly stock .
4H candle still needs to close.
If we can get a higher high here try to buy on the pull back
OTLY LONG50% gain in 5 weeks?
MACD turning bullish with a low RSI.
The breakout of this triangle will decide if we make or break...
Credit to Northstar on twitter for the arc.
The Vegan world is getting bigger!!!Here's a quick comparison of some of the listed companies that produce vegan products/services (restaurants) globally.
Except for Baby listed in Canada, the rest of the stocks seems to be heading south after an impressive head start. I am a pescatarian (exclude most seafood except FISH and dairy products) so naturally, I am interested to know more about the vegan diet and the available stocks that I can invest in.
If you know of any good listed companies in this vegan space, please share in the comments box.
Have an awesome weekend !
