TESCO

For all the long-suffering holders, a little relief may well be in sight....


dl.dropboxusercontent.com/u/7238706/Tesc...C%20%28july31%29.png

...of course, there are no guarantees it will turn at 257ish, but there is hope

I'm long on this at 244p
This has hit the bottom of the falling trend channel, ands looks due for a technical bounce from here towards the top of the channel imho.
uk.advfn.com/p.php?pid=chartscreenshotsh...g%3D&symbol=L%5ETSCO

Although i will be flexible with a few % tbh. As the longer term trend is still down here.

Best Regards,
Trendfriend.

This is looking good.
Stop moved up to profit, so free trade now.

If it can break above 250p. would be a 123 low formation.

uk.advfn.com/p.php?pid=chartscreenshotsh...k%3D&symbol=L%5ETSCO

Regards,
Trendfriend.

Worth keeping an eye on this for a possible 123 breakout.

screencast.com/t/pDjgUuZcDU

Hope chart works OK

Tom aka MD

Looks to me like the 123 low has developed, lets see what happens from here.

screencast.com/t/yODx3nkG

Tom aka MD

This has seen some strong selling recently.
However it's just about holding above the channel trendline support.
uk.advfn.com/p.php?pid=chartscreenshotsh...I%3D&symbol=L%5ETSCO

I'm going to go long tommorow morning, as long as this does not open down, as the RSI is well oversold, and this looks due for some kind of bounce imho.
stops a few pence below the low @ 221p, so good in terms r/reward.
target as high 270's, but i will happily take a few % here.
Regards,
Trendfriend.