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

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:

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

I had to go way back in time to find the next S/R for this.
If 192p goes, look for 162p, and 158p area, according the s/r levels.
This is a monthly chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...U%3D&symbol=L%5ETSCO

If it does hit those levels, and i think it will, possibly even lower imo, Wavesurfer has a 140/150p target, so this is also possible.
This would return a tasty 7% dividend @ 162p, assuming current divi is maintained.
One to keep an eye on ATM.

Regards,
Trendfriend.

i have a 140/50 target for this... will post up a chart later on

Hi F4T,

Hope your keeping well buddy.
I moved my stop up to 210p yesterday, opened at 205.5p
So i got stopped out for a small profit. It was always intended as a quick day trade scalp only. I tend not to post when i close positons partly because i feel it clutters up the board, and also due to time.
This looks like it going to break down now imo, too many gaps and bearish candles!
Wait for a 1,2,3 low before entering here now imo.
I only have a position in RRS now (a fairly big one), i'm confident it will be a good counter play over the next few weeks. So lets see how it goes there.

ATB,
Trendfriend.

TF,

it's make or break time for this one IMO. SP is at trendline support and RSI support. It could get nasty if support breaks. Equally, it could settle and bounce.

Two open gaps above so it will be a struggle to get past these on a rise.

uk.advfn.com/p.php?pid=chartscreenshotsh...gE%3D&symbol=A%5EAPT

Horizontal support is way back in 2003 in the 158 area.

GL
F4T

uk.advfn.com/p.php?pid=chartscreenshotsh...8%3D&symbol=L%5ETSCO

Long here as well on the open.
the RSi is at support, i think it will have a intraday rebound.
I intend to close this position by the close today, even if i'm down.

Regards,
trendfriend.

This has seen some strong selling recently.
However it's just about holding above the channel trendline support.
uk.advfn.com/p.php?pid=chartscreenshotsh...I%3D&symbol=L%5ETSCO

I'm going to go long tommorow morning, as long as this does not open down, as the RSI is well oversold, and this looks due for some kind of bounce imho.
stops a few pence below the low @ 221p, so good in terms r/reward.
target as high 270's, but i will happily take a few % here.
Regards,
Trendfriend.

Looks to me like the 123 low has developed, lets see what happens from here.

screencast.com/t/yODx3nkG

Tom aka MD

Worth keeping an eye on this for a possible 123 breakout.

screencast.com/t/pDjgUuZcDU

Hope chart works OK

Tom aka MD

This is looking good.
Stop moved up to profit, so free trade now.

If it can break above 250p. would be a 123 low formation.

uk.advfn.com/p.php?pid=chartscreenshotsh...k%3D&symbol=L%5ETSCO

Regards,
Trendfriend.

I'm long on this at 244p
This has hit the bottom of the falling trend channel, ands looks due for a technical bounce from here towards the top of the channel imho.
uk.advfn.com/p.php?pid=chartscreenshotsh...g%3D&symbol=L%5ETSCO

Although i will be flexible with a few % tbh. As the longer term trend is still down here.

Best Regards,
Trendfriend.

For all the long-suffering holders, a little relief may well be in sight....


dl.dropboxusercontent.com/u/7238706/Tesc...C%20%28july31%29.png

...of course, there are no guarantees it will turn at 257ish, but there is hope

This should be a free trade now


dl.dropboxusercontent.com/u/4899609/tesco4thjuly2014.png

Thanks rmc
great spot.
im long on this now with stops below the low.



dl.dropboxusercontent.com/u/4899609/tesco2ndjuly2014.png

Nice divergence on the RSI

Double bottom here yesterday

Also a lovely pin bar

Sorry no chart

RMc

you were right shotry, gapped down below previous support today..

x div date is tomorrow I think so you might see a drop here.

Long at open today @ 302.81
SL is below trendline and yesterdays low 298

here is a hope of a doji or nicely shaped hammer with the lowest point at 284.

dl.dropboxusercontent.com/u/7238706/Tesco%20PLC%20%28-%29.png

A bit more detail here but agree with Jackozy's comments. Just trying out the new server and a new colour scheme

Well, TSCO continued its slide and is now approaching the critical level at 284p seen on this weekly chart:



dl.dropboxusercontent.com/u/20815047/FTS...COweekly23_03_14.png

Obviously a long term but shows how important 284p is. Worth a long with a tight stop of, say 5 pts). I suspect this level will fail in time (looks like a massive descending triangle) but worth a trade perhaps. If 284p fails then I'll look to short any backtest of that in all likelihood.

This has come back on my radar
worth going long on a first attempt of 294.5. Use tight stops.
This could be a potential double bottom and this area should be strong support.
First attempt only at this area.


dl.dropboxusercontent.com/u/4899609/tesco13thmarch.png

may require watching ..
dont trade in the first thirty min of trading just incase of a gap..

On the move on the 4 hour ascending triangle breakout

I definitely wouldn't go long without a break of 326.30.

That said, I see no reason why a retrace to 321.35 shouldn't occur in the short-term, it being a 50% of 316.4 > 326.0, or even take out the gap to 318.

This then provides for a final wave C push to 330.8 as shown on my chart earlier.

Thanks guys, still trying to sort out posting charts!

I'm sure i'll get there.

Tom aka MD

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

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