Now the triangle has almost formed, is Tesco heading for a breakout? Needs some very good news to push it up though.
News this morning - Tesco H1 18 Earnings Results: Revenue: GBP28.3B (est GBP27.62) Dividend: 1p and UK LFL Sales Up 2.2%. Two members of Tesco's financial team resigned in 2014 because they were concerned that their professional integrity was being compromised by what they were being asked to do by their bosses, a court heard on Yesterday. Now we have cleared...
supermarkets have something to worry about. Amazon who recently bought Wholefoods said they are set to drop prices at the organic supermarket and offer a delivery service like no other. Sticking with supermarkets Kantar Worldpanel showed the big four are going strong and Lidl stepped up to become the 7th largest grocer in the country. Tesco shares rose as it came...
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!
Tesco Supermarket a buy at 176 to 175 mark and sell at 185 ish? BBC news announced today Tesco recovery gathers pace in the UK.
after return of fib prz (50-61.8 ) we can see 3 big bullish candle .... and a breakout of a price level ... buy... sl = 190
Looks like theres trouble at Tesco with not all the shareholders agreeing on the Booker deal
Move away from the value area looking for a move back in
Clear rejection of a previous value are but I still expect prices to move lower before a consolidation.
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.
Price after several day of dropping broke descending trendline and made higher high. Now I will observe while price will retrace and I wait on secound long trade.
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.
Tesco - Trade at the Price levels Sell when price reach the Red price labels Buy at the Green price labels