Tsco

titus-uk

1
291 5
Have to say that I would be a little concerned this may break through its 235-240ish support. SAR bearish, MA point down (10&20), OBV and MFI pointing south. Would wait for confirmation of a bounce off support first before getting in........

All the best

Mark
 
Just taken another look at TSCO and noticed it's in a nice trading range. It reminds me of one of my old favorites EGS before the telecoms catastrophe.

I will be watching this closely in case there are some nice trades in the near future. Must say that from the accumulated swing index I have doubts about the level of support!
 
Last edited:
Mo,

it looks like one of the institutions has downgraded TSCO from a hold to a sell.

This may be the straw that breaks the camels back before that descending triangle fulfills its prophesy.
 

Morris

Well-known member
301 2
Downgrade

Think it was ABN Amro.

I closed last week @ 253.5, but kicking myself for not getting back in @ 242 this morning. A nice quick profit.
 
Mo, you are on a much shorter trading time than me and good luck in your trades.

however I still have tesco as potential short - the bollinger bands look to be widening.
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock