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. Fundamentals 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...
Tesco is expected to drop to 1st support at 220.3 where it could potentially react off and up to 1st resistance at 237.5. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hi fellow traders! Tesco really has to potential to move either side tomorrow! Hopefully to the upside however, considering its sale growth, over past consecutive quarters. Tomorrow, Tesco PLC are going to be releasing their full year results tomorrow (10th April 2019). This could give the potential for this stock to spike upwards. Investors will be keen to see...
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....
TSCO reversed from resistance 228.1 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where it could potentially drop down to its support. Stochastic reversed from its resistance where a corresponding drop could occur.
i will add if formed a nice bullish candle over the support
TSCO reversed off its resistance at 227.4 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where we expect to see a drop to its support at 207.8. Stochastic has reversed off its resistance where a corresponding drop could occur.
Going short. Based on: elliiot Wave RSi Divergence Aiming 0.382
TSCO is approaching its resistance at 227.8 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 207.8 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal is expected.
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
passed of a level after a breakout ,,,so what ? nice position for buying right today
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.