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Fading into Carrefour's leg up.Carrefour - 30d expiry - We look to Sell at 17.48 (stop at 18.04) The primary trend remains bearish. Bespoke resistance is located at 17.50. Resistance could prove difficult to breakdown. Price action is forming a bullish flag which has a bias to break to the upside. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 16.08 and 15.68 Resistance: 16.70 / 17.00 / 17.50 Support: 16.00 / 15.50 / 15.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:CAShort
by Saxo
Tesco - Bouncing from the 61.8% Fibonacci supportBUY – 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 over the past 5 years to make the operation a lot more efficient, which has put the company in a good position overall. The operating margin is continuing to rise, and management believe 4% is achievable in the short term. The company looks set to maintain its position in the market and continue to grow its earnings. Best Broker Target Price: 285p (Deutsche Bank 19/06/2019) Worst Broker Target Price: 230p (Goldman Sachs 02/04/2019) Technical Analysis 2019 started off so well for Tesco share holders with the shares rising from 187p to 254p in the space of just over 4 months. The recent decline from those highs has not been so impressive, but some support appears to be forming around the 61.8% Fibonacci support level at 212.7p. There have been a number of bullish candle around this price, which is an indication that buyers are returning. Recommendation: Buy Buy between 215-225p Stop: 210p Target: 250p
LSE:TSCOLong
by Investamate
3
TESCO SHARES TO ROCKET TOMORROW?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 if Tesco has held onto its constant quarterly sales growth amongst fierce, competitive market conditions. Although Tesco (the UK's largest supermarket) has been losing its market share in the UK to German discount supermarkets, such as Lidl and Aldi where it has had its market share drop 0.2% to 27.4%, and Asda (2nd largest supermarket in the UK) plans on merging with Sainsbury's (3rd largest supermarket in the UK), Tesco has had its sales rise by 0.5% in the 3 months to March 24 2019. This paves the way for investors to potentially have confidence in the brand, as it has seen a rise in sales and the Asda and Sainsbury's merger has not been confirmed by the UK's Competition and Markets Authority. This means the potential future loss of market share by Tesco should not impact its share price tomorrow hopefully. One of the other main issues Tesco faces however is the question of why management chose to cut up to 9000 jobs, closing fresh food counters, but this should not be as interesting as hearing nice rises in sales and profits! Moreover, Tesco acquisition of Booker Group, a wholesaler in the UK has been going well and should have increased their purchasing power in the market, giving them the opportunity to raise their profit margins or reduce prices and have higher sales from this, as they are able to benefit from bulk-buying. It has also entered a buying agreement with Carrefour, a French supermarket group. This should look to help the group financially and increase its dominance of its brand worldwide if the transaction goes through, another potential positive outlook for investors. From the results in October 2018 for quarterly results, Tesco's CEO claimed they were on track to deliver their medium-term ambitions set in October 2016 which were to: - reduce costs by £1.5 billion - generate £9 billion from operations from retail - improve Tesco group's operating margins to 3.5%-4% by 2019-2020 Also, if tomorrow's talks with regards to Brexit is positive and there is a reduced chance for a No Deal Brexit as Theresa May obtains an extension, this should look to benefit the LSE, placing hope in investors for any potential financial turmoil for the UK. This should also let investors realise that Tesco and other supermarkets are not at risk of any major political/financial issues. If these targets are closer to being fulfilled, this should easily let the share price rise. Note: The red regions signify resistance regions, and the green, support regions. I would look for this stock to rise in value. My targets are as follows: TP1: AROUND 238.00 TP2: AROUND 240.00 TP3: AROUND 244.00 Additionally, looking at this stock from a technical perspective, an ascending triangle has been forming (as drawn on the chart), paving the way for a breakout and some positive price action! Unfortunately, if the report tomorrow is not well for Tesco, it could look to drop to the following regions: TP1: AROUND 228.00-229.00 TP2: AROUND 223.00 TP3: AROUND 216.00-218.00 Finger's crossed I am right tomorrow! If you read it to all the way down here, thanks for showing some support to this article! Tell me where you think Tesco will be heading next! Comment below all your ideas about the future of Tesco! Buy or Sell and why? Additionally, drop me your charts/ideas for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX, Stocks & Crypto market, and I'd appreciate any help people may offer! Please drop a follow/like! I need reputation points!
LSE:TSCOLong
by TheFinancialTRDR