TESCO

The 150 area is strong support and goes all the way back to 1998 . So this area is the best place to go long on tesco. If 150 is broken then the next level to watch is 120.
I will be going long around 150 as well.


dl.dropboxusercontent.com/u/4899609/tesco9thdec.png

currently around the 150 area again, would this be good entry level now that it's returned to the support area again?

dl.dropboxusercontent.com/u/7238706/Tesc...PLC%20%28daily%29.pn

Interesting how the 161.80% extension is right in the support resistance area of previous action.....

yep
looking really good now for higher prices.
The 200 ema is now holding this back so this needs to break above that soon for the next thrust.

dl.dropboxusercontent.com/u/4899609/tesco26thjune2015.png

Lookin' gud Remo

keep an eye on tesco, if this breaks the short term 123 low (217.05)then this could signal the move back to 250 area and be the start of higher prices possibly. Stops below the 2 point(206.7) if triggered.
if this does get triggered then i suspect that this could be the start of a major wave higher. SO one to keep a close eye on


dl.dropboxusercontent.com/u/4899609/23rdjune2015.png

this bounced nicely of the 50% fib recently
Supports: 206.7,,200,,192.7(61.8fib),,182(gap)
Resistance: 217.05,,218.95(50ema),,228.8(200ema),,235.35,,252.5