Tractor Supply Co. (TSCO) has not been reviewed since December, but traders should be enjoying the rally as we said you should "trade TSCO from the long side..."..."we can see a base pattern with a long-term price target of $100." With TSCO above its January zenith a fresh look at the charts is in order.
In this daily bar chart of TSCO, below, we can see that prices are in an uptrend and above the rising 50-day moving average line. The 200-day average is bullish and we can see a bullish golden cross in early June as the 50-day line crossed above the 200-day line.
The daily On-Balance-Volume (OBV) line has a positive slope and the Moving Average Convergence Divergence (MACD) has just turned up to a fresh outright go long signal.
In this weekly bar chart of TSCO, below, we can see an interesting and large reversal pattern. Prices bottomed in the middle of 2017 and made a retest in early 2018 only to rally to new highs for the move up. Prices are above the rising 40-week moving average line.
The weekly OBV line has been positive since the middle of 2017. The weekly MACD oscillator is bullish and rising.
In this Point and Figure chart of TSCO, below, we can see the recent upside breakout over $82 and the longer-term price target of $109.00.

Bottom line strategy: If you are long TSCO, continue to hold those positions and risk to $75 now. Looking to add to your position or start a long position then enter on a dip towards $85 and risk to $75. The $110 area is our price objective for the months ahead.