Tesco: Expected To Rise Its Price Towards Its Resistance Level At Around £230

Today’s instrument is Tesco Plc. ‘s stock traded on the LSE exchange under the ticker TSCO (LON). 

When we look at the TSCO ‘s chart, we can see the downward trend towards the current price of around £209.30.

Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect its price to rise towards its resistance level at around £230 otherwise it should rest again at its support level at around £200.

(Click on image to enlarge)

Tesco Plc.


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Disclaimer: Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading ...

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