Tesco (TSCO.L)
A trading opportunity for you?
Will TescoPLC (TSCO.L) shares fall from 240p resistance or push on to year highs of 250p?
- Trading 2%% off recent resistance levels off 240p (at time of writing), is this attractive to short sellers once again?
- This is the second time shares have traded around the 240p level before coming off.
- If this current selling pressure continues, will we see a return of the share the price down to August levels of 210-212p? (10%)
- Shares -7.5% from 2019 highs; +24% from 2019 lows.
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal