The PEAD projected a Bullish outlook for $TTC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
TTC has formed an expanding megaphone that is similar to one seen earlier in the prices history
The earlier one acted bearishly upon the third touch on the lower trend line
Right now the third touch is occurring on the current expanding megaphone
Will it break down like the first?
I have tried to show this breakdown roughly with a red bars pattern
With the overall market under pressure, Toro has been showing impressive relative strength hanging out just below the neck line of its 2 month inverse head and shoulders pattern. Earnings next week but worth watching how things develop in the next few days.
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$TTC posted its earnings with a negative over reaction following its publication with the PEAD projecting a bullish outlook for the stock placing it in Drift C
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Hey traders, TORO CO gives a neutral buying doji with a high buying volume. TORO CO is in a bearish continuation on the TIMEFRAME 1 Min, this is for a reversal. It goes on the last preceding lower and going in the direction of its rise. Great possibility to fill the bullish gap and to join the next high, which corresponds to the beginning of the fall to the...
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At a very good support level where bears are taking profit and bulls might be coming back.
Waiting for bulls to come in. I am sticking to the rule of entering above EMA 200 on weeklies and dailies.
RRR is at 1.2 (which gives me positive expectancy) , if the trade goes well, might be able to trail to 2.
Sitting on my hands....
I make stock analyses before the opening, these levels i draw are strong support/resistance and are the most powerfull on the same day. So i use them the moment when the market opens.
You can see somethimes i use 2 - 3 levels because i dont know where the market will open.
when the market open i see witch levels are still valid if it gaps above or under my...
Today TTC spilts its stock at 2-1 ratio and it has breached its 50 day moving average in a Bullish Manner few days ago.
Consider a buy a hold strategy.
