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TOPIC: Tesco

Tesco 11 Feb 2016 13:38 #1

  • Trendfriend
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Worth a short @ 180p. Stop 185p. Target 155p.
Capped by resistance trendline.
uk.advfn.com/p.php?pid=chartscreenshotsh...x9Uc3Tn%2Fmd8Dsmc%3D

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Trendfriend. :)
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Tesco 08 Jan 2016 11:46 #2

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Looks like its in this falling channel, and this is just a bounce of the bottom of the channel, unless it can break the trendline & moving ave's any rallies will get sold into...
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Trendfriend.
tsco8jan15.PNG
Last Edit: 08 Jan 2016 11:47 by Trendfriend.
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Tesco 08 Jan 2016 10:00 #3

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Possible island formation.
Information purposes only, Do your own research,
All share trading carries risk,
Ronnie
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Tesco 06 Jan 2016 13:51 #4

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who would have thought tesco would get this battered..lol.. :huh:
just goes to show that no share is safe , short term trading is the easier options as less likely to get attached.
Information Purposes Only, Do Your Own Research
remo
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Tesco 06 Jan 2016 11:01 #5

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This is well on it's way down.
Retested important 150p level a few times, and failed.
Note how it fails at the 20 day sma.
anyone looking to short now, best place is on the touch of the 20 day sma, with tight stops.
This is heading sub 100p imho. mid term
Regards,
Trendfriend. :)
tsco6jan16.PNG
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Tesco 09 Dec 2015 13:02 #6

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Thinking of going short here, its broken important support @ 155p
You can see how attempts for receovery are capped by overhead down trendline
on the daily the RSI has broken down....this has two possible channels in play. targets are around the 80/100p area.
Waiting to see if it recovers or re-test 155p later today before going in... ;)
regards,
Trendfriend.
tesco9dec15.PNG
Last Edit: 09 Dec 2015 13:05 by Trendfriend.
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