Im looking for mean reversion opportunities in this stock currently. My SL is bassed on time to profit ratio. i dont use stop losses but will get out if theres a 50% decline. I tested for probalistic monthly sharpe ratio outperformance of the s and p 500.
I tested for monthly normality with the kolmogrov smirnov statistic. and looked for a non-significant...
Quarterly candle was a bearish engulfing, suggesting lower prices for this quarter. Other indicators also suggest one more push down is needed to complete this wave 4 correction/flat. Although the recent moves off the lows can be seen as motive, there is not a clean impulsive structure that really fits what the candles are saying on larger time frames. Last week...
Tractor Supply... Love this store / company, although I have been out of the cattle business entirely (formally) for about a year now.
Anyway, TSCO looks like top.. So, with a basket full of chicken and a big cold jug of sweet tea, we will treat it like a top.
ATH 241.54.
Looks like a H&S that is still above the neckline of 206.84. This pattern is not valid until the neckline is broken with a downtrend.
Price is still above the .236 of the trend up.
Several rising wedges well below price that are not valid as the bottom trendline is intact.
Price is above a prior rectangle and the top trendline is now support. The...
The PEAD projected a Bullish outlook for $TSCO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 80%.
Possible resistance trendline in the way but it only has 2 touches.
The more a trendline is touched, the stronger it becomes.
Tall rectangle binding price action.
Earnings are 10-20 BMO
Neutral pattern until broken.
No recommendation.
Technical Analysis: Four Basic Principles
Markets alternate between range expansion and range contraction. ...
Trend...
The PEAD projected a Bearish outlook for $TSCO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
TSCO is currently testing the upper line of this larger broadening wedge formation
This is looking to act as a point of resistance, supported by a bearish double top formation
After bouncing off it's low on 24 Feb, the stock has been consolidating sideways between 238 to 239 for the past 1 month. There was one attempt to breakup on 31 Mar which did not follow through. However it looks like it could attempt another breakup soon.
Long if it breaks above 239 again with tight initial stop loss slightly below last Friday's candle low at...
* Strong earnings quarter over quarter
* Strong up trend
* Pays out dividends with a Payout ratio of 24.30% which means the company has a lot more room for growth
* Broke of a 4 month consolidation out with higher than average volume (19.09%)
* Making a new all-time-high
* Probable ROI of 17.19% if the trade plays out in our favor
Trade idea:
* $200.75 is...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on July 23, 2021 with a closing price of...
