How interesting to compare and contrast the relative positioning of Ocado OCDO LN on the Broad Europe smile at 8.17 am this morning, and again at 1.55 pm this afternoon.

Enthusiasm has waned ,as traders reflect on the idea of compensation vs an ongoing relationship with U$ supermarket chain Kroger.

And we can see how the stock transitioned, from right to left on the smile, as their initial ardour cooled.

My smile charts track relative price action strength , which is distinct from price change, instead it offers an insight into the supply and demand in a stock or other instrument, compared to its peer group

That information can help traders to decide when to chase or fade a price move; the latter would have been the appropriate stance in Ocado today .