Short term view - TESCO : The moving average is supporting prices.
In our previous short term analysis (15/11/2016), we were positive.We remain positive with a target at 235 p and an invalidation level at 208 p.
The bullish trend resumes after the consolidation.
Arguments :
- The moving average is supporting prices.
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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