38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS.
Tesco:
-In the daily chart: Price action has consolidated into a rangebound symmetrical triangle, this usually symbolises continuation (to the upside) but I do not discount the possibility of a short if we fail to breakout long and in-turn breakout in the opposite direction.
Identifying a breakout: In this case price has had bullish candles deviate outside of...
Tesco are looking pretty good for 2019 climbing 33% from 190 in January to 253 at the end of April. They've been on a decline since then due to strong market competition, economical challenges looming with Brexit, increasing pressure from the discounters in particular Aldi increasing market share. Tesco have taken a slight dip in market share but still the clear...
BUY – TESCO (TSCO)
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services.
Fundamentals
It’s been a tough few months for Tesco shareholders with the shares having slumped over 13% from the 2019 high. The business has embarked on a massive overhaul...
Tesco is expected to drop to 1st support at 220.3 where it could potentially react off and up to 1st resistance at 237.5.
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Hi fellow traders! Tesco really has to potential to move either side tomorrow! Hopefully to the upside however, considering its sale growth, over past consecutive quarters.
Tomorrow, Tesco PLC are going to be releasing their full year results tomorrow (10th April 2019). This could give the potential for this stock to spike upwards. Investors will be keen to see...
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.
TSCO is also on my watch list for this week as it is currently attempting to take out the 230 level which has been resistance since October last year and before that was resistance turned support back in April 2018. TSCO has been getting super tight to this level and after a good sell-off from 230, the stock has put in three higher lows suggesting a buyers market....
TSCO reversed from resistance 228.1 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where it could potentially drop down to its support.
Stochastic reversed from its resistance where a corresponding drop could occur.
TSCO reversed off its resistance at 227.4 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect to see a drop to its support at 207.8.
Stochastic has reversed off its resistance where a corresponding drop could occur.
TSCO is approaching its resistance at 227.8 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 207.8 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal is expected.
