Tesco PLC looks to be trading in corrective mode at the moment as we pull back towards the 38.2% Fibonacci retracement level. Stochastic is also moving into oversold territory. If we start to see some support coming in around the 38.2% level around 234 and we get a bullish crossover on stochastic we would have a good low risk long trade set up.
A 2019/2020 crash would have many casualties, With their huge debt and market saturation from competitors, Tesco could be one of them , too big to fail? A monthly close below 148 = a sudden drop into 'no mans land' and potential disaster for the company, 28p may or may not hold the weight of the fall.
TSCO is testing its support at 189.75 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 207.00 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is testing its support at 2.2% where a corresponding bounce is expected.
Tsco is testing its support at 195.20 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 220.65 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is testing its support at 2.5%.
Hello Guys, At times bad with crypto, I try to look into other markets and see if there is any opportunity for use because all we need for profit, is volatility. Now we have the TSCO stock on the chart and what we see is long bear market going on. Now, NASDAQ, APPL and most of the other big companies had a fall in their price recently and as for the past times...
This week we have earnings released for Tesco, the chart technically gives us an opportunity as well. If we make it lower to the trend line and 200 SMA, it would give a great reward-risk ratio. Or sell through the trend line as well. Entry here is subjective and of course depends on the broker you use.
A bit of a sell off this week but we saw a bounce off a trend line I previously drew on the last weekly resistance top. If this level holds we could see Tesco go higher
Last post: April 19th. See chart . Review: Price was approaching the resistance level from the April 2015 high. Update: Price is now above the resistance level. Conclusion: If price can remain above the resistance level then we may see the start of another bull trend in this stock. Any comments or questions, do not hesitate to leave them below. Give us the...
Tesco is gaining more and more strength as it attempts to release itself from the consolidation zone. In my previous post here , price had broken through a resistance level. The next level we need price to break is the resistance level of the consolidation zone. Should price fail to break that level then price may remain within the consolidation zone for a...
Tesco has broken the resistance level. The previous pattern consisted of lower highs and lower lows. This may now change to higher highs and higher lows and if this is the case then we may see a bull trend form. We would preferably like to see pullbacks that are not too deep and we want frequent breakouts in an uptrend which would indicate to us that we are in a...
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.
Nice chart, i have been waiting for Tesco share price to drop finally below 170 for some weeks, so i can start pick up some longs. I am seeing good potential on this stock for a possible bull move above 220, but it will take some time. The correction might come to an end in the coming weeks. The alternative scenario would be that price breaks down, and bears...
Up Trend Line broken by a green candle with a high volumn. the trend has been retested once and in the second test we expect price will jump high (approx. to 217 Pounds.) Moreover, currently Pin Bars candles formed above the trend!
If deregulation instigated by the spreads across the pond... Maybe Brexit won't be so bad after all
Tesco (TSCO:LSE) looks to be approaching a confluence point around the start of February. RSI has been finding support around the 40 level or just below indicating that if price can manage a gentle glide towards this point there could be a move up off the confluence in Feb.
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...
Tesco - Correction towards the Downside Short term sell at the resist trend towards the downside within the consolidation circle, if price break above the resist zone, price return back to uptrend again.