Tesco Wave Analysis – 28 January, 2022

• Tesco broke resistance level 2.9670

• Likely to rise to resistance level 3.050

Tesco recently broke above the key resistance level 2.9670 (which stopped the previous short-term impulse wave 1 at the start of January)

The breakout of the resistance level 2.9670 accelerated the active intermediate impulse wave (3).

Given the clear daily uptrend, Tesco can be expected to rise further toward the next round resistance level 3.050 (target for the completion of the active impulse wave 3).