Tractor Supply (TSCO) has made a nice recovery rally from its July low. There was a retracement in October and prices have since made new highs for the move up. Is this a good time to go long? Let's check the charts and indicators.
In this daily bar chart of TSCO, below, we can see that prices are above the rising 50-day moving average line and above the bottoming 200-day line. At the end of November the 50-day line crossed above the 200-day line for a bullish golden cross signal. The daily On-Balance-Volume (OBV) line made a low in July with prices and then a higher low in late October. The rising OBV line tells us that buyers of TSCO have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but is crossing to a take profits sell signal on this time frame.
In this weekly bar chart of TSCO, below, the indicators are shaping up nicely. Prices are above the 40-week moving average line and it is starting to bottom. The weekly OBV line is positive and the weekly MACD oscillator just moved above the zero line for a buy signal.
In this point and figure chart of TSCO, below, we can see a base pattern with a long-term price target of $100.

Bottom line -- trade TSCO from the long side risking below $60 and buying more above $71.