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Guest Waqas786

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Looking at Tesco it is quite an interesting one given the years of bad press and decline, a rounded bottom is in place and price is back above the 200 MA on the daily chart and with plenty of space above to retest. You may well have been right to get out when you did though, buying high and hoping for continuation without some special event to drive price on is problematic given the natural wave pattern of price movement. Given the charts historic respecting of the 100 and 200 MAs buying a dip back around that region would seem a reasonable play and that dip may come soon as price is currently faltering at a resistance level.


Tesco PLC_20180613_06.40.pngTesco PLC_20180613_06.45.png

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Hi , very much agree and also thank  for pointing out the upside potential of this stock. It may be that there was a breakout signal tempting a 'buy the high' but the long term view would be that this blue chip stock has bottomed out after a long run of bad press and is reasserting it's position as a main-stream retailer. The upside has lots of potential now the the bad news seems to be over so a 'buy the dip' strategy would seem appropriate.



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    • Trade statistics of the 'Triangle 8th' system as of 12/03/2023 Gain: 102.00% Profit: 781.52 USD Funds: 1,400.18 USD Balance: 1,781.52 USD Beginning deposit: 1,000.00 USD Withdrawals: 0.00 USD Top-ups: 0.00 USD
    • Name of stock - Vox Royalty   Name of Stock Exchange - NASDAQ   Leverage or Share dealing - Leverage   Ticker - VOXR   Country of the stock - Usa   Market Cap - 100M
    • It is a best practice to buy dip and sell high but this strategy mostly doesn’t go as planned because you can’t predict the final bottom. Some traders BTD anticipating a potential pullback which mostly doesn’t happen and this force some into panic selling. DYOR is mostly advisable but some people fail to know which analysis they should focus more on. When deciding to hold a token for a long-term FA is very important and its cardinal point should be thoroughly scrutinized before making such a decision. These points include; Whitepaper, Road map, and Usecase. These points have a huge impact on deciding how long to hold a project and also booast your confidence in the project's bullish potential.  The first principle in this industry is “invest what you can afford to lose" though many neglect this principle as such when a project is going through a price correction they panic sell and sell at a huge lost. Most normal regret their decision later when they see the project back on track. Once you adhere to the first principle you hardly fall victim to panic sales. Note that it is mostly not advisable to hold meme tokens una less you are convinced because meme goes with the hype and finds it hard to retest its ATH once the hype is over.  Anyway what are your trading strategy and principles you adhere to most?
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