This Analysis show that there is a gap between TESCO or Morrisons and M&S os Sainsbury it means that:
M&S os Sainsbury should be a long position and TESCO or Morrisons should be a short position to close the gap.
Further analysis would be required on each Market to define the investment
The retailer is foraying into online world with food service facility and on the chart the sharp price at the make or break level. The 2-yr long falling trend line is being put to test. If breached on Friday's close would mark a major trend reversal and open doors for 430 levels.
The brilliant thing about good news in stock trading is that it opens up opportunities for both bulls and bears.
Bulls want to jump in on the hype (along with the herd) hoping that some other bulls jump in right after they do so that they make money. They expect to buy and hold because the company is seen to be in good shape.
Bears, on the other hand, look for...