Moving average / resistance11 Mar 2021 02:00
So I’ve been looking at the charts and you can clearly see there’s resistance at 220 area should this be broken next stop is 210 , we have been below the moving average for most of March ; I’ve recently bought $4250 at 228 a little high I should of waited for 220; but I can see this popping back up to 240 area soon ,I’ve set my profit take at 245 as that’s within the recent tops of the last year, I’ve set my stop loss at 206
I work for Tesco’s hate em with a passion but believe with the pension paid off , dividend in place this should be defensive at these levels ,
My 10k I diversified away in January is doing well up about 20% plus whilst this is Down %4 heck even old marks and Spencer,RR,Glen ,tui are kicking Tesco’s in the gutter ,
I have a $850 position in Morrison’s and looking forward to their results tomorrow as that’s to a degree a barometer of where where likely to follow .