Hello dear Traders,
Here is my idea for #AZO
Daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart - price found support at monthly pivot Line
Momentum: Weekly UP, Monthly UP
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel free to...
I angled the support line a little lower since price action was dropping a little lower compared to the two strong bounces on the left of the chart. I don't expect much good news this week especially with the white house redefining what the word "recession" means; sheesh. But in any case, cars still need parts and I'm hoping investors know this (just look at the...
back short up here once again. seemz moronz keep handin us thu same namez over and over 2 short.
low risk. could see steam run out if inflation tradez r dying...CEO also just dumped
I have a position in AZO already.
Session from Thursday looks like a shakeout. Moved to new local high on Friday. I am missing a bit a clear confirmation on volume.
Next decisive level will be 2267. After that we have blue ocean ....
Time will tell :)
Trade safely!
Are we ready to bounce with this solid company? Cars are more reliable but they do keep breaking. Did the insider sales help the selloff? If it breaks the trend line significantly I'll look at it for deep dip buy opportunities.
I don't do advice.
Back at all time highs, again... If the put options on this weren't so high for leaps I would throw my ENTIRE port in them and just retire a year later, haha! Time for this garbage to come down in the weeks to come. SHORT AT WILL!
Played this before, price target 1.7k and we'll see where we at from there. Thinking we hit it in about a month and half at max.
#AZO Breakout 🚀 in 1h Chart on above average volume
All Entry Criteria have been met:
1. Price above 10, 20 & 50 EMA ✅
2. Consolidation Phase in Uptrend ✅
3. Breakout on above average Volume✅
Decent risk reward to first PT. Trend is now technically down on weekly. I was conservative with the first PT. I actually think it's likely to test significantly lower.
lol this reemainz absurd. like i said thu markets not goin anywhere without takin this garbage out
along with it. one of theeze iz wrong here. we're still very short this nonsense az our hedge
Never looked at auto zone till today. What the fck is this shyt lol. Probably a stock these btch azz old heads are hidin in as they wait for the market to do somethin. Thinking 2000 by mid may is gonna happen. No need to hedge cause aint no one fckn buying up here haha!
lol short this garbage hard. go a few months out if u hafta with PUTS, u'll b rich. this can also b uzed az
ur market hedge if u feel like goin long other shyt. 2200 may get hit b4 reversing
The stock market keep falling yesterday yet there is still some companies who saw gains. Autozone (AZO) is one of those companies.
Azo is my stock pick for today. I am simple playing vanilla breakout strategy here.
Buy above yesterdays close and if market does not gap down.
Stopout: 2015.40
Target: 2450
