Tag Archives: The PEMA Trading Method

Tractor Supply is a Buy

Tractor Supply (TSCO) has been in a long term bull run for over two years, rallying from $15 to $65 since 2009. Even better, every buy signal during this two-year stretch has been golden!

Buy Signal

The weekly chart of TSCO shows price has rallied over 300% the last two years, with every pull-back leading to another round of buying pressure.

Price recently fell from the all-time high of $65, which led to responsive buying pressure that could spark another push to new all-time highs above $65.

As a matter of fact, the PEMA Pull-Back setup fired a new buy signal, which confirms another round of strength ahead.

Tractor Supply (TSCO)

Floor Pivot Support

The weekly chart also shows price held at the yearly R1 pivot level, which served as support during the pull-back, in addition to the 13-period pivot EMA.

This level of additional confluence indicates potential strength ahead, which could last anywhere from one to three months out.

Game Plan

If price breaks above last week’s high price of $63.26, look to establish a long position with stops below the two-week low price of $57.11.

Keep an eye on $65.80, as this level represents the yearly R2 pivot level. If price breaks through this zone we could see $75 ahead.

The PEMA Trading Method

Don’t forget, I’m teaching a new course this Wednesday night – The PEMA Trading Method. CLICK HERE to learn more and to watch a 2-minute video!

Let’s see how this one plays out!

Cheers!

Frank Ochoa
PivotBoss.com

Follow Frank on Twitter: http://twitter.com/PivotBoss

The PEMA Trading Method

New Course!

The PEMA Trading Method

Hey folks!

I’m partnering with MarketGauge to provide another trading course this coming Wednesday – The PEMA Trading Method!

My new course is packed with money-making techniques that use familiar indicators that you probably already use…but not like this!

About the Course

What’s in store for you?

  • Identifying prime entry and exit zones
  • Spotting the best breakout candidates
  • Identifying trend-confirmed opportunities
  • 4 powerful setups
  • Advanced confirmation techniques
  • and more!

What’s great about these concepts is the fact they are easy to understand, which means YOU can put them to use immediately.

2-Minute Video

Oh, and there’s a 2-minute video you can watch, too! Check it out HERE!

I look forward to seeing you there!

Cheers!

Frank Ochoa
PivotBoss.com

Follow Frank on Twitter: http://twitter.com/PivotBoss