Tesco looks set to rally further. In the short-run the psychological figure of 200 is likely to act as a base.
Bullish price RSI divergence
Bullish break from the triangle pattern
Bullish crossover on the Monthly chart
Thus, the stock appears on track to test the monthly 50-MA seen today at 255.51 levels. The moving average is seen sliding lower to 245-247 by year end.
Bullish price RSI divergence
Bullish break from the triangle pattern
Bullish crossover on the Monthly chart
Thus, the stock appears on track to test the monthly 50-MA seen today at 255.51 levels. The moving average is seen sliding lower to 245-247 by year end.
