Tesco (TSCO) A trading opportunity for you?
Will Tesco shares move above the 235p resistance zone, or will it return to the next significant support at 224p (-4.7%)?
- Trading at 233p, around the 235p resistance (at time of writing), is this attractive to short sellers?
- Has tested this level repeatedly over the past year. Most tests have failed, though there have been some breaks (traders should be mindful of stop-loss placement).
- Shares -7.4% from 2019 highs; +22% from 2019 lows; +22% year-to-date.
Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal