TESCO

Tesco's gapped down this morning - hit a low of 155/6

I've got support around the 150/2 area

dl.dropboxusercontent.com/u/7238706/Tesco%20PLC%20%28DFB%29.png
Looks like Tesco made a 123 today....

Tesco is getting close to the buy point ...Keep an eye on this
150 is the level to go long on this, could be the perfect level for a long term play but as usual stops should be placed as this is chartsview


dl.dropboxusercontent.com/u/4899609/tesco24thoct2014.png

This is from metastock forcaster for tesco ..This is based on a 52 week low so i dont know whats involved for them to do the calculations.This is a prediction of price movement over the next 30 days..According to this it looks like 150 maybe on the cards Lets hope so .



dl.dropboxusercontent.com/u/4899609/Scre...09-26%2010.01.48.png

150 is a very strong support level on this ..Best level to go long on this share as this has multiple supports.
Look how this share has tumbled after the trend line broke...Its now headed to its main uptrend line which im sure no one would have thought would ever come around.This is close to the 150 area. Best place to go long.
use tight stops as usual.


dl.dropboxusercontent.com/u/4899609/tesco25thsept2014.png

here's the chart for tesco - 194 break and lower targets in place, this the weekly so if we get close below this by EOW then more trouble a head ....

dl.dropboxusercontent.com/u/40497882/Tes...0PLC%20%28DFB%29.png

rgds WS