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...
After making a lower low on the weekly, this is the logical place to short. Risk Reward to first PT is good.
2021 Actual Trade From 02/17 to 11/11 +30% Profits
* 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...
TSCO made a breakout out of 5 month long base Decent uptrend Pays out dividends
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...
possible stop under C or last pivot low Pocket pivot (green triangle) not far under price. ABC is corrective pattern, there is a bullish and a bearish version. The bullish pattern will start with a leg up (AB)and then has a pull back on the 2nd leg (BC). Wait for confirmation that C is actually C as if it passes u C by too much, you can be looking at a...
Tractor Supply Company is the largest operator of rural lifestyle retail stores in America. Tractor Supply stores are focused on supplying the lifestyle needs of recreational farmers & ranchers & others who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located primarily in towns outlying major metropolitan markets and in rural...
Broke from a V bottom a while back I think they beat earnings ? Possibly overvalued TSCO was in a rising wedge but never broke bottom trendline at 142ish until recently Neutral until bottom is firm not a recommendation
Nice pattern here which may break higher if it can hold over the marked fib.
Hey people, TRACTOR SUPPLY CO is in a bullish momentum with low buying volume and a bull candle followed by a long shadow. In the TIMEFRAME1Min we can see a bearish continuation which will join the last previous lower. And resume on its strong potential rise to go to the next high then break the median to land on the second highest. Not enough power to make up...
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish...
Was just playing around with the replay function in Trading View and thought I'd share this to show how the SuperTrail indicator worked on a couple of different stocks. The SuperTrail is basically a modified SuperTrend but instead uses a percentage to allow you to manually set the trail level for individual stocks. Some need a wider trail, some a smaller one....