elroytrader1

#TSCO.L indicators suggest sell

Short
elroytrader1 Updated   
LSE:TSCO   TESCO ORD GBP0.0633333
Strong negative RSI divergence and at top of parallel channel. Supported by SMA50, so it needs to break that first, and then properly fill the gap around 190p, which wasn't filled before. Short stop order around 205p TP 190p, perhaps then use SMA50 as stop.
Trade closed: target reached:
Textbook!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.