The price-chart set-up in Sainsbury was bullish even before the supermarket giant's latest excellent results, says Zak Mir at www.zaks-ta.com.
The recent rally began with a gap to the upside through 340p. We should therefore be looking for a test of the channel top at 390p and then 400p, in my view. Only a close back below 367p would really delay this outcome.
