TipTVFinance

Tesco looks set to test monthly 50-MA hurdle

LSE:TSCO   TESCO PLC ORD 5P
Tesco looks set to rally further. In the short-run the psychological figure of 200 is likely to act as a base.

Bullish price RSI divergence

Bullish break from the triangle pattern

Bullish crossover on the Monthly chart

Thus, the stock appears on track to test the monthly 50-MA seen today at 255.51 levels. The moving average is seen sliding lower to 245-247 by year end.
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