Tsco is testing its support at 195.20 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially rise to its resistance at 220.65 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (89, 5, 3) is testing its support at 2.5%.
Tsco is testing its support at 195.20 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 220.65 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is testing its support at 2.5%.
Hello Guys, At times bad with crypto, I try to look into other markets and see if there is any opportunity for use because all we need for profit, is volatility. Now we have the TSCO stock on the chart and what we see is long bear market going on. Now, NASDAQ, APPL and most of the other big companies had a fall in their price recently and as for the past times...
I really like this company. I go in their stores all the time. But, at least in short to mid term - seems like a H&S pattern forming (?) see also on chart: OBVOSC Note RSI, supportive of above In the whole macro, mature 7th to 9th inning equity market....I'm bearish for sure. Long term, I'm bullish on TSCO. They sell stuff people need.
Downside for the short term but expecting upwards to 225+
Nice Inverse H&S formation for TSCO, with declining volume on the way down and increasing volume on the breakout confirming the chart pattern. Initial profit taking point can be either at $64.30 or $67. Should the conditions be right, I wouldn't be surprised if bulls tried to take out the gap between $78 - $82 before moving down.
Strong negative RSI divergence and at top of parallel channel. Supported by SMA50, so it needs to break that first, and then properly fill the gap around 190p, which wasn't filled before. Short stop order around 205p TP 190p, perhaps then use SMA50 as stop.
I like Tractor Supply Co for long term, but waiting to buy as head and shoulders plays out. To get my short target I used Bulkowski's method, linked here: thepatternsite.com
They will probably try to head fake all the break out buyers here, so be prepared. Looking for a run above $100.00 if bulls stay in charge in overall markets. This one isn't a clothing fad like BKE. AMZN does not impact this one as it does other retail names. For other plays visit www.StockSpotify.com
TESCO PLC BUY TARGET 175 The Major trend of TESCO PLC is showing strength for buying If it breaks the resistance level then one can initiate buying position in the stock. Resistance level of 171 Target of 175 with the stop loss of 168 CHART FORMATION:- Stock is trading in a range and trading near the trend line. Breaking the support line will lead to...
The Major trend of TESCO PLC it is showing strength for selling If it breaks the support level then one can initiate selling position in the stock. Support level of 159.50 Target of 156 with the stop loss of 163 CHART FORMATION:- Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is...
The market consolidated here because there was "equilibrium" between sellers and buyers. When the buy orders were all filled in, prices fell strong from then on and never recovered. A sell in this area may see prices fall to what would be previous supply turned demand @218.50. EP: ~268.50 SL: ~272.00 TP: ~218.50
The gap up in price at 182.00p suggested a lot more willing buyers than sellers. Chances are, the next time prices drop back here, I expect a move back up the the 215.00p price area (depending on any new supply zones that form). EP: ~182.00 SL: ~177.00 TP: ~215.00 (>6.5:1 return)
This supply zone formed when prices fell sharply away from the 215.65p area, suggesting that there could be a potential resell at this point. With no new demand, a short sell to the previous demand, mid-way between the opposing supply and demand zones, gives you around 5.5:1 return. Because supply is in control, the trade might go even further to the 182.00p area...
Great buying opportunity on TSCO PLC. A double bottom has occurred around the 160.00 area and it has since bounce upwards and broken through the 200.00 psychological resistance number. support of the fast moving average too. target 1 300.00 which is support turned resistance. will evaluate once it reaches target 1