TSCO trade ideas
For the Gentleman Farmer, TSCOHere's another stock that I'm looking at for short term, over the next few weeks. There's a nice breakout above a bottom formation, with a MACD cross.
TRACTOR SUPPLY COMPANY 1D BATSI really like this company. I go in their stores all the time.
But, at least in short to mid term - seems like a H&S pattern forming (?)
see also on chart:
OBVOSC Note
RSI, supportive of above
In the whole macro, mature 7th to 9th inning equity market....I'm bearish for sure.
Long term, I'm bullish on TSCO. They sell stuff people need.
TSCO - watchlistZacks Rank: 2-Buy 2 Style Scores: B Value | A Growth | C Momentum | A VGM Industry Rank: Bottom 40%(153 out of 255) Industry: Retail - Miscellaneous
TSCO SHORT-Looks overextended rsi is over 70.
-EMAS poiting downward
-MACD POINTING DOWNWAED
T1:85.5
T2:82.5
TSCOBuying and riding that tractor supply up :) on a pullback after a nice inverted head and shoulders of course
TSCO Inverse Head & Shoulders 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.
Possible Reversal for Tractor SupplyAs 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.
TSCO H&S Short TargetI 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: thepatternsite.com
$TSCONot ready yet..waiting for stochastisc pull back. GREAT EXAMPLE WHEN SUPPORT BECOME RESISTANCE AND VICE VERSA
Break outThey 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
