TESCO

uk.advfn.com/p.php?pid=chartscreenshotsh...8%3D&symbol=L%5ETSCO

Long here as well on the open.
the RSi is at support, i think it will have a intraday rebound.
I intend to close this position by the close today, even if i'm down.

Regards,
trendfriend.

TF,

it's make or break time for this one IMO. SP is at trendline support and RSI support. It could get nasty if support breaks. Equally, it could settle and bounce.

Two open gaps above so it will be a struggle to get past these on a rise.

uk.advfn.com/p.php?pid=chartscreenshotsh...gE%3D&symbol=A%5EAPT

Horizontal support is way back in 2003 in the 158 area.

GL
F4T

Hi F4T,

Hope your keeping well buddy.
I moved my stop up to 210p yesterday, opened at 205.5p
So i got stopped out for a small profit. It was always intended as a quick day trade scalp only. I tend not to post when i close positons partly because i feel it clutters up the board, and also due to time.
This looks like it going to break down now imo, too many gaps and bearish candles!
Wait for a 1,2,3 low before entering here now imo.
I only have a position in RRS now (a fairly big one), i'm confident it will be a good counter play over the next few weeks. So lets see how it goes there.

ATB,
Trendfriend.

i have a 140/50 target for this... will post up a chart later on

I had to go way back in time to find the next S/R for this.
If 192p goes, look for 162p, and 158p area, according the s/r levels.
This is a monthly chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...U%3D&symbol=L%5ETSCO

If it does hit those levels, and i think it will, possibly even lower imo, Wavesurfer has a 140/150p target, so this is also possible.
This would return a tasty 7% dividend @ 162p, assuming current divi is maintained.
One to keep an eye on ATM.

Regards,
Trendfriend.

here's the chart for tesco - 194 break and lower targets in place, this the weekly so if we get close below this by EOW then more trouble a head ....

dl.dropboxusercontent.com/u/40497882/Tes...0PLC%20%28DFB%29.png

rgds WS