TESCO

oops worng chart... latest :

dl.dropboxusercontent.com/u/40497882/Tes...%28DFB%29_weekly.png




rgds WS

What's your next level of support if it breaks WS?

close to the 100p level if 155/48 daily/weekly close below occurs... below that it new price territory.....




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

dl.dropboxusercontent.com/u/7238706/TESCO.png

It looks like wave 1 may have completed at 247- provided there is no extension - so I'm expecting this to fall back to around the 200 mark to create wave 2 then, pow!.....hopefully..... wave 3 kicks in

Mmm...having re-checked my chart I may have been a little premature: there is every possibility this could rise to 260ish before turning back. Whatever, I would suggest not backing this until there is a retest of the first move back down - wave A - indicating the start of wave B.

My apologies if I misled anybody.

keep an eye on tesco, if this breaks the short term 123 low (217.05)then this could signal the move back to 250 area and be the start of higher prices possibly. Stops below the 2 point(206.7) if triggered.
if this does get triggered then i suspect that this could be the start of a major wave higher. SO one to keep a close eye on


dl.dropboxusercontent.com/u/4899609/23rdjune2015.png

this bounced nicely of the 50% fib recently
Supports: 206.7,,200,,192.7(61.8fib),,182(gap)
Resistance: 217.05,,218.95(50ema),,228.8(200ema),,235.35,,252.5