- New Elliot Wave Pattern after ABC correction
- MACD confirms with bullish crossover
- Nice risk/reward ratio with tight stop
- Price target of $77.50.
TSCO Daily
Possible recovery bounce in progress on 50% retracement. Potential short entry on breakout_line retest.
Broke down from descending triangle. Rounding top. Under 50 and 100 sma and uptrend_line.
OBV is cratering. Momentum is negative. MACD bearish. vs S&P 500 brakedown.
EPS 0.35 vs 0.37
52wk Range: 57.00 - 78.17
Target 48 - 49 $
Stop 63
