217 - 219p firmly rejected, which remains short term resistance for now. It held in Nov/Dec 2017 as well as twice this year.
However, we may see a more conclusive move in April after their finals reveal more.
Whatever's happening at SFR, the market won't go over 88p at the moment. That's very strong resistance and has stood firm since 2012. I think in 4 month's time we'll have an answer on whether it breaks 88 or heads down below 70.
From a technical view Tesco is not yet in an uptrend as it would have to break 253p for that. However, things are looking good as it has a) Broken away from a triangle formation from Mar 2015 to Dec 2017. In 2018 it has formed a Head and Shoulders pattern which is a bullish signal for more to come.
Patterns aren't always correct but they are helpful to decide what to do and when.
Unclear yes; for a share that hit 3044 at its lowest on results day and a few days later is 3488 with an all time high of 3558 this morning? (a 16% rise between the high and low)
Still bullish, but stops were clearly hunted and closed before a strong upward move.
I'm technical, and the drop to 3050 at the open shows the market still has confidence as the price was pushed back upto 3200"ish". Bullish trend continues and on the daily chart it's far away from its 200 Exponential Moving Average which is 2772. For me it's still a hold.
Arsenal, That's why there's a market; buyers who are bullish (you?) buying from sellers who are bearish (maybe me). There's always going to be different interpretations from the same figures but at least the price tells us what the net effect is.
I can deduce 3 thngs from your comments:
1) You're sitting on a large loss - use a stop loss next time and protect your capital
2) You are not a member of what you belive to be is "The Club" - There is no club. Incompetence & mismanagement yes.
3) You're clutching at straws that there is hope - The price fall is too big, only brave contrarians will buy at these levels. Technically the AA can go much lower.
Good luck with your future trading.
Looking at the monthly chart, it can easily go to �19 and beyond. Takes time and patience though.
PS: Through the recent global stock market mayhem, Easyjet remained a solid share to own. Almost defensive by nature.
Is still bullish, but since my last comment in October, the moving averages are all in line and the 200 EMA is sloping upwards. A great sign.
https://uk.tradingview.com/i/7FBUeBIO/