Short term view - TESCO : The 62% retracement is causing the bounce.
The previous high has been passed, the bullish trend is confirmed. The next target is at 250.90 p. The invalidation level is below 200.00 p.Arguments :
- The resistance has been passed.
- The 62% retracement is causing the bounce.
- The moving average is supporting prices.
- The measuring gap, opened in the middle of the rally, reinforces the bullish trend.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.