T1SC34 trade ideas
Rounded bottom, tall upper shadowNice pattern here which may break higher if it can hold over the marked fib.
Pull Back FishingBroke 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
TRACTOR SUPPLY CO Underlying DailyHey 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 for the last recent losses.
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Falling Wedge Rising Wedge V BottomThe 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 bias cannot be realized until a resistance breakout occurs.
A Falling Wedge fit into a reversal pattern at the bottom, but can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
A falling or Rising wedge differs from a pennant or a flag in that it takes 3 weeks or more to form
Prior high at 115ish..strong support there
B/O from V bottom at 105ish/support there too
Can mean sellers are becoming exhausted
NV is high/Short interest higher than I like
Just seems like this one had a long run up and may need to pull back a bit more. We all have our own opinions though
Not a recommendation
SuperTrail Indicator Video / Trailing Stop LossWas 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. You might set a trail based on the last months range, or the last 3 months. Totally up to you and the stock itself. The idea is to find what I call the natural range of a stock based on its past behaviour and hope that the stock maintains this range into the future. You can of course simply adjust it from time to time as the stock and the market goes through different behaviours (eg bull or bear), reacting to good or bad company news etc.
I use the percentage value that I come up with to set as my stop loss / trailing stop with my broker. This way if the stock drops below the trail value (which automatically moves up as the stock price moves up, but never down if the stock goes down), the stock will automatically sell and I will hopefully bank any profits. Works best of course with trending stocks. You could use the buy signal to go long and the sell signal to short. Main thing for me is I don't have to sit and watch the market and worry how my shares are going. If one is starting to go the wrong way, I automatically get out. Completely up to you how you use it. It is a very simple system :)
If you want to see more examples, just have a look at my profile, and if you would like access to the script, just message me and I'll send you the details.
TSCO:NASDAQ - TRACTOR SUPPLY CO - Resume after pullback?Tractor Supply Co is up around 100% since mid March and trending nicely without too much volatility. Could be worth a watch if it continues its run, especially after its recent pullback now it has a bit more value in it looking at the RSI.
Tractor Supply Co. engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del's Feed & Farm Supply, and Petsense. Its product categories includes equine, livestock, pet, and small animal; hardware, truck, towing, and tool; heating, lawn and garden items, power equipment, gifts, and toys; recreational clothing and footwear; and maintenance products for agricultural and rural use. The company was founded by Charles E. Schmidt, Sr. in 1938 and is headquartered in Brentwood, TN. (Source: Trading View)
TSCO enters a monthly bullish trend. Expect Uptrend continuationA buy signal is generated. I predict TSCO grows by 4% to $128.79 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 90%.
Blue Sky BreakoutThis double top on the weekly has broken out for a new ATH with nothing for resistance.
Tractor Supply Co To Re-test Support For A BUY PossibilityTSCO immediately met with bears just after violating the descending trendline. With yesterday's candlestick, there is possibility of the stock price to re-test some support level which could possibility give opportunity to long the stock.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Bullish Signal on TSCO #3 Best Bet for weekThis is a free public release of a stock of this weeks HPS watch list. The bullish tone and trend of the market has made buy divergences pretty scarce on the daily chart, I am really seeing great results from our second play book play Large channel breakout with a price retracement to the previous downtrend line that was broken. The cross back up on the stochastic is a great indication of strength. I will be looking for a follow through day Tuesday and possible Wednesday
DayTraderRockStar
$TSCO on Possible BreakoutTesco may still consolidate for a little while but it seems it's gonna breakout from the falling wedge pattern in the coming days.
TSCO- Ups and downsExpecting this potential descending triangle to play out. Up to around $95 before dropping. Fallout around earnings. Expecting that regardless of holidays, they won't hit what they expected. Big farms will be using straight from vendor. Only farmers/farmhands and small farms might be going through TSCO. With many small farms in bankruptcy, figuring sales to not impress, however phase 1 could lead to some optimism for future sales.
RSI room to run to around 55-56 from 41, MACD about to go green, MFI up and A/D slightly up.
Assumptions based on the chart, I do not have any of their info pulled up rn. Not advice.
$TSCO on Watchlist$TSCO has been retesting its resistance level for several times already. Watch out for a potential break out in the coming days.
Tractor supply gets Strong Buy Rating $115 target.Tractor Supply resumed with a Strong Buy at Raymond James. Raymond James analyst Matthew McClintock resumed coverage of Tractor Supply with a Strong Buy rating and a price target of $115. The analyst contends that the company can generate an earnings growth rate of at least 10% per year while expanding its EBIT margins by about 20bps. McClintock is also positive on Tractor Supply's "solid" dividend yield, which he sees as "rare" for a growth retailer, as well as its dominant position in a "fairly isolated" niche part of the retail industry.
Source thefly
Average analysts target $114.70
Yield 1.52%
P/E ration 20.48
Short float 3%
Company profile
Tractor Supply Co. engages in the retail sale of farm and ranch products. It operates retail farm & ranch stores and focuses on supplying the lifestyle needs of recreational farmers and ranchers, as well as tradesmen and small businesses. The firm operates the retail stores under the names: Tractor Supply Company, Del's Feed & Farm Supply, and Petsense. Its product categories includes equine, livestock, pet, and small animal; hardware, truck, towing, and tool; heating, lawn and garden items, power equipment, gifts, and toys; recreational clothing and footwear; and maintenance products for agricultural and rural use. The company was founded by Charles E. Schmidt, Sr. in 1938 and is headquartered in Brentwood, TN.
