Momentum is building with this Ascending Triangle. See the live chart action.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Gradual reversal from bearish to bullish.
Technical analysis of Tractor Supply (TSCO) reveals a significant setup. Price has moved to $31.02 (2.31%) amidst recent volatility. Price action has carved out a classic Rounding Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $32.64, targeting $36.92 with support near $30.5 (R:R 2.0).
What is your outlook on TSCO?