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Jan 18, 2019 8:14 AM

AZO approaching suport, potential bounce!  Long

AutoZone, Inc.NYSE

Description

AZO is approaching our first support at 795.92 (horizontal overlap support, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 893.64 (horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
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