TRACTOR SUPPLY COMPANY NASDAQ:​TSCO

Love this setup on a trending charts! Stop below the price box ( demand zone)

$TSCO good looking chart

MA 200 rebound.

Buying and riding that tractor supply up :) on a pullback after a nice inverted head and shoulders of course

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.

price penetrated neckline which is sign of confirmation.

As we look back, this is possibly repeating the same cycle as a couple years back. I believe we finally hit the floor and crossing over the EMA.

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: http://thepatternsite.com/hst.html.

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SHORT SETUP

Not ready yet..waiting for stochastisc pull back. GREAT EXAMPLE WHEN SUPPORT BECOME RESISTANCE AND VICE VERSA

possible long got from a friend at DTRS club

Consolidation (Pennant?) Buy the breakout

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

Updated notes.

Potential for a Butterfly here.

Broadening Formation, Right Angles and Descending