Buy into the Sell-Off (Chart)
Long Trade Idea
Enter your long position between £412.60 (the lower band of its horizontal support zone) and £420.70 (Friday’s intra-day high).
Market Index Analysis
The UK’s stock market landscape presents a mixed technical environment that warrants careful consideration. While the FTSE 100 displays some concerning technical signals—including decreasing bullish trading volumes and a bearish chart pattern—the Bull Bear Power Indicator suggests early bullish momentum with a negative divergence warning of potential short-term pullbacks. This context is important for Tesco investors, as the retail and consumer staples sector often benefits from market rotations into defensive assets during periods of uncertainty.
- Tesco (LSE:TSCO) is a…
