TSCO.L closes higher for the 4th day in a row

Tesco (TSCO.L) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team


TSCO.L closes higher for the 4th day in a row
TSCO.L rises to highest close since July 29, 2014


Moving higher for the 4th day in a row, TSCO.L ended the week 2.58% higher at 266.20 after gaining £1.20 (0.45%) today. Today's closing price of 266.20 marks the highest close since July 29, 2014.

Daily Candlestick Chart (TSCO.L as at Aug 10, 2018):

Daily technical analysis candlestick chart for Tesco (TSCO.L) as at Aug 10, 2018

Friday's trading range was £2.90 (1.1%), that's slightly below last trading month's daily average range of £3.32. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being above average.

Prices are trading close to a key support level at 264.60.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

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