TESCO

Mmm...having re-checked my chart I may have been a little premature: there is every possibility this could rise to 260ish before turning back. Whatever, I would suggest not backing this until there is a retest of the first move back down - wave A - indicating the start of wave B.

My apologies if I misled anybody.

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

It looks like wave 1 may have completed at 247- provided there is no extension - so I'm expecting this to fall back to around the 200 mark to create wave 2 then, pow!.....hopefully..... wave 3 kicks in

close to the 100p level if 155/48 daily/weekly close below occurs... below that it new price territory.....




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

What's your next level of support if it breaks WS?

oops worng chart... latest :

dl.dropboxusercontent.com/u/40497882/Tes...%28DFB%29_weekly.png




rgds WS

Target Hit , finally, however... think we may see new lows on this. so time to take some coin and leave the rest running, as break in 155's may see it enter new low territory... and it will be a rapid descent...




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

WaveSurfer wrote:

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