I think we can assume a fifth wave and buy at just abobe 0.382 level of third wave. I just cant see five waves being complete in this structure Based on: Elliot structure
A 2019/2020 crash would have many casualties, With their huge debt and market saturation from competitors, Tesco could be one of them , too big to fail? A monthly close below 148 = a sudden drop into 'no mans land' and potential disaster for the company, 28p may or may not hold the weight of the fall.
TSCO is approaching its support at 189.75 (76.4% & 61.8% Fiboncci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 207.00 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.2% where a corresponding bounce could occur.
TSCO is testing its support at 189.75 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 207.00 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is testing its support at 2.2% where a corresponding bounce is expected.
Tsco is testing its support at 195.20 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially rise to its resistance at 220.65 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is testing its support at 2.5%.
Tsco is testing its support at 195.20 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 220.65 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is testing its support at 2.5%.
Hello Guys, At times bad with crypto, I try to look into other markets and see if there is any opportunity for use because all we need for profit, is volatility. Now we have the TSCO stock on the chart and what we see is long bear market going on. Now, NASDAQ, APPL and most of the other big companies had a fall in their price recently and as for the past times...
It seems that Tesco has completed its five waves up in August and since hen has been doing a correction pattern. As for what the correction pattern is we have to look further. Which of the pattern I've drawn on the chart looks more accurate?
This week we have earnings released for Tesco, the chart technically gives us an opportunity as well. If we make it lower to the trend line and 200 SMA, it would give a great reward-risk ratio. Or sell through the trend line as well. Entry here is subjective and of course depends on the broker you use.
A bit of a sell off this week but we saw a bounce off a trend line I previously drew on the last weekly resistance top. If this level holds we could see Tesco go higher
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...
Currently in uptrend. Wait for reversal to support (estimated around 190).
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...
Clear breakout for Tesco last week. Needs to convincingly break 252p before the trend is completely reversed.
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.
Price made a scymmetrical triangle pattern, broke upper trendline and now making a pullback. After pullback to the previous high, wait for a nice bullish candle to go long. -Tesco PLC - Buy -Entry - 210.30 -Take Profits - 212.50; 216.00 -Stop Loss - 209.50 -Support (Team)