TESCO

dl.dropboxusercontent.com/u/7238706/TESCOwkly.png

A slightly different view, but amounts to the same thing. If this is a wave 3 then expect it to make 466+; if it turns at 430 its corrective. Whatever, there is money to be made here

Jack,

thanks for highlighting TESCO.

Today's candle has also respected the previous day resistance on Jan 9 and July 3, 2013 support.

Nice Divergence on the MACD and RSI looks good..

cheers

PS I added a count which is on the link.

Worth putting TSCO on your watchlists IMHO. Just made a new low at the trendline and price support on a bullish RSI divergence after what looks a clear 5 waves down:



dl.dropboxusercontent.com/u/20815047/FTS...SCOdaily15_01_14.png

Could make a higher low and then form a possible 123-low move or buy a break of 341/3p level after an RSI breakout. DYOR etc.

bounced off trend-line and gapped up today, looks like an island formation.


dl.dropboxusercontent.com/u/4899609/TSCO041213.png

Yep - I got stopped out at 374p yesterday. Praise be for stops!! )