TESCO

Cheer WS.

I think there might be an opportunity to go long with a stop below 316.40 - this it the lowest point of the long red candle on the 11th.

That looks like a fail move to the downside - especially when you see the candle the next day which open up and never looked down.

Watching this...

looks ok, wouldn't rule out a pullback short term as WR suggest 315 or at least like to see 328 taken out and hold for further upside.




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

rgds WS

I am watching the 20MA for some clues or else take a punt on the double bottom at 315

does look like that this might be turning its corner

Hope this hourly chart helps Tom.
dl.dropboxusercontent.com/u/7238706/Tesc...C%20%28hourly%29.png

Looks like possible 123 low forming on Tesco.

So long since I've done this I've forgotten how to paste chart!

I'll keep having a play around with it but perhaps someone else might want to help out?

Tom aka MD

Should have said a good entry might be 322, which represents a 61.8% pull-back from the recent high but DYOR