TSCO Inverse Head & Shoulders

By myfye13
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.
Bullish PatternsChart PatternsHead and ShouldersIHSLONGTrend LinesTSCO
myfye13

Related publications

Disclaimer