TESCO

I definitely wouldn't go long without a break of 326.30.

That said, I see no reason why a retrace to 321.35 shouldn't occur in the short-term, it being a 50% of 316.4 > 326.0, or even take out the gap to 318.

This then provides for a final wave C push to 330.8 as shown on my chart earlier.

On the move on the 4 hour ascending triangle breakout

This has come back on my radar
worth going long on a first attempt of 294.5. Use tight stops.
This could be a potential double bottom and this area should be strong support.
First attempt only at this area.


dl.dropboxusercontent.com/u/4899609/tesco13thmarch.png

may require watching ..
dont trade in the first thirty min of trading just incase of a gap..

Well, TSCO continued its slide and is now approaching the critical level at 284p seen on this weekly chart:



dl.dropboxusercontent.com/u/20815047/FTS...COweekly23_03_14.png

Obviously a long term but shows how important 284p is. Worth a long with a tight stop of, say 5 pts). I suspect this level will fail in time (looks like a massive descending triangle) but worth a trade perhaps. If 284p fails then I'll look to short any backtest of that in all likelihood.

dl.dropboxusercontent.com/u/7238706/Tesco%20PLC%20%28-%29.png

A bit more detail here but agree with Jackozy's comments. Just trying out the new server and a new colour scheme

here is a hope of a doji or nicely shaped hammer with the lowest point at 284.