Sainsbury - A bottom may be in place
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
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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