BUY – TESCO (TSCO)
Tesco PLC (Tesco) is a retail company. The Company is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services.
It’s been a tough few months for Tesco shareholders with the shares having slumped over 13% from the 2019 high. The business has embarked on a massive overhaul over...
Tesco are looking pretty good for 2019 climbing 33% from 190 in January to 253 at the end of April. They've been on a decline since then due to strong market competition, economical challenges looming with Brexit, increasing pressure from the discounters in particular Aldi increasing market share. Tesco have taken a slight dip in market share but still the clear...
Tesco PLC looks to be trading in corrective mode at the moment as we pull back towards the 38.2% Fibonacci retracement level. Stochastic is also moving into oversold territory. If we start to see some support coming in around the 38.2% level around 234 and we get a bullish crossover on stochastic we would have a good low risk long trade set up.
TSCO is also on my watch list for this week as it is currently attempting to take out the 230 level which has been resistance since October last year and before that was resistance turned support back in April 2018. TSCO has been getting super tight to this level and after a good sell-off from 230, the stock has put in three higher lows suggesting a buyers market....
Last post: April 19th. See chart.
Review: Price was approaching the resistance level from the April 2015 high.
Update: Price is now above the resistance level.
Conclusion: If price can remain above the resistance level then we may see the start of another bull trend in this stock.
Any comments or questions, do not hesitate to leave them below. Give us the...
Tesco is gaining more and more strength as it attempts to release itself from the consolidation zone.
In my previous post here, price had broken through a resistance level.
The next level we need price to break is the resistance level of the consolidation zone. Should price fail to break that level then
price may remain within the consolidation zone for a while...
Tesco has broken the resistance level. The previous pattern consisted of lower highs and lower lows.
This may now change to higher highs and higher lows and if this is the case then we may see a bull trend form.
We would preferably like to see pullbacks that are not too deep and we want frequent breakouts in an uptrend which would
indicate to us that we are in a...
Is this Tesco's breakout moment
after breaking out of a triangle pattern started in early 2015?
Good figure from Kantar today have helped the share price
but this is just a small part in the general "scheme of things".
Limitations: 218p resistance and 200EMA resistance. Once past that then it has room to run.
News this morning - Tesco H1 18 Earnings Results: Revenue: GBP28.3B (est GBP27.62) Dividend: 1p and UK LFL Sales Up 2.2%.
Two members of Tesco's financial team resigned in 2014 because they were concerned that their professional integrity was being compromised by what they were being asked to do by their bosses, a court heard on Yesterday.
Now we have cleared...
supermarkets have something to worry about. Amazon who recently bought Wholefoods said they are set to drop prices at the organic supermarket and offer a delivery service like no other. Sticking with supermarkets Kantar Worldpanel showed the big four are going strong and Lidl stepped up to become the 7th largest grocer in the country. Tesco shares rose as it came...
Tesco (TSCO:LSE) looks to be approaching a confluence point around the start of February. RSI has been finding support around the 40 level or just below indicating that if price can manage a gentle glide towards this point there could be a move up off the confluence in Feb.