Medium term view - TESCO : The resistance has been passed.
The resistance has been passed, the trend becomes positive as we now have a succession of ascending peaks and troughs.The next target is at 306.97 p. The invalidation level is below 225.10 p.Arguments :
- The resistance has been passed.
- The 38% retracement has been passed.
Tesco is a retailer. Co. and its subsidiaries are engaged in retailing and associated activities in the U.K. and Republic of Ireland; and Czech Republic, Hungary, Poland, Slovakia, Malaysia, and Thailand. Co. provides retail banking and insurance services through Tesco Bank in the U.K. Co. sells and services of motor and home insurance policies underwritten by Tesco Underwriting Limited, or in a minority of cases by a third-party underwriter. As of Feb 25 2017, Co. had a total of 6,809 stores worldwide, including 256 franchised stores.
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