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TipTVFinance
Nov 21, 2016 2:58 PM

Sainsbury - A bottom may be in place 

SAINSBURY(J) ORD GBP0.28571428LSE

描述

The daily, weekly and monthly chart do not show any clear trend. Hence, we swtiched quarterly chart, which shows multiple 3-month candles with long tails.

Since October 2013, sellers have repeatedly run out of steam in the range of 210-230. The MACD also shows the loss of bearish momentum.
If charts are anything to go by... this could be the ideal time to enter into Sainsbury/UK retailers
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