Short term view - TESCO : The moving average is supporting prices.
The trend is still bullish, the invalidation level is below 242.50 p. The target is at 289.30 p.Arguments :
- The moving average is supporting prices.
- The reaction at the resistance is weak, we anticipate its break soon.
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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