I think this is a pivotal moment in the SP. We have been in this uptrend since 2015, but now we are looking at a recession for the first time in over a decade. We have to see where price action shows support and be cautious!
Tescos has been quite overly strong on the RSI for a goo while, but this smaller cycle should hit 243 and go back up. A good buying point!
Tesco - Short Term - We look to Buy at 284.00 (stop at 275.00) Preferred trade is to buy on dips. 50 1day EMA is at 282.00. The bias is still for higher levels and we look for any dips to be limited. Daily signals are bullish. Dip buying offers good risk/reward. Our profit targets will be 308.00 and 320.00 Resistance: 300.00 / 310.00 / 320.00 Support: ...
$TSCO at a layer of support currently and looking likely to pull back to the zone near p226 where the fast and slow-moving averages, as well as the bottom of the cloud, are located. Then price is looking to continue a downtrend as shown by the bearish Ichimoku cloud (daily timeframe). Potential short setup @p226. Thoughts on this analysis?
02 October 2020 Tesco PLC. Price Could be Approaching Potential Weekly Area of Demand. One to Watch, For Long Bias. Tesco PLC, is a British Multinational groceries and general merchandise retailer. LSE:TSCO
I seems that we are at the end of wave B and we will have a new down tend
This British supermarket (consumer staple) stock is touching the 50% fib line at the same time as a neat upward tramline. It has consistently reacted to these technical indicators in the past, and of course fundamentally, is doing well out of the current crisis. It has of course already rebounded, but if it dips again, a good buy at 208, SL 198, TP 266 RR 7.
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
tesco earnings are out today, looking to go long, good fundamental data, and tesco are urged to keep paying dividends too. very strong stock.
Weekly chart shows a rising channel. While city lockdowns forced some frenzied panic, if the markets continue to sell on the virus spreading, this channel can break to the downside. If so, target the lows. Good Luck and Stay Healthy!
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...
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. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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.
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%.