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Home / Support and Resistance / Tesco PLC (TSCO.L) 08-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Tesco PLC (TSCO.L) 08-11-19

Will Tesco PLC (TSCO.L) break the key resistance level, or will it drop back to the 213p support once more? (-11%)?

 

  • Now trading near the 241p resistance at 239.3p (at time of writing).
  • Will the shares fall again to recent support of 213p? (-11%).
  • This could be an opportunity for short-sellers.
  • Shares -5% from 12-month highs; +26% from 12 month lows.

Latest News

04 Nov:  David Lewis, CEO, bought 58 shares in the firm on the 1st November 2019 at a price of 237.52p. This Director currently has 170,722 shares.

04 Nov:  Alan Stewart, Financial Director, bought 58 shares in the firm on the 1st November 2019 at a price of 237.52p. This Director currently has 598,910 shares.

03 Oct:  Deutsche Bank reiterates its buy rating on Tesco (TSCO) and reduced the target price to 285p (from 295p).

 

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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