‘Buy on dips’ is Zak Mir’s advice with Tesco (TSCO.L): ProactiveInvestors Stocktube

ProactiveInvestors Stocktube

Published on 30 Jan 2017

Zak Mir tells the Proactive Investors Bulletin Board that investors should be buying on dips with regards to Tesco PLC (LON:TSCO) shares.

“Any dips below £2 should be seen as a buying opportunity. If you’re cautious, maybe wait for a weekly close above the 50-day moving average at £2.06,” says Mir.

“[We’re in a] rising trend channel just above the 200-day moving average at £1.82. While we’re above that, we’re looking for a target towards £2.30.”