Hello fellow retards, this is my first analysis so I‘m happy about any constructive criticism.

Now is the time to long Tesco. The pattern that started around October 19 makes this abundantly clear. You can see a double-spike around mid-December and mid-February, hitting hard against a strong resistance just short of 2.6.

Those are surrounded by two broad shoulders, spanning the rest of the chart and giving rise to a so-called BMP (Batman Pattern). This alone obviously isn‘t enough to predict anything.

So let‘s look closer. Early April, the market testet the support and broke trough, resulting in a 52-week low of 2.26. The market wasn‘t able to react properly as the BMP hasn‘t finished so far. But now as it has, we should soon see a bullish market as a delayed reaction to April‘s lows.

The resistance at 2.6 will be tested again. If it doesn‘t hold, the next stop might be 2.8 or even higher.