bullish falling wedge here, I like the postures of the indicators and the price action not too mention the way the price action compliments the trend lines. short term long position, I wouldn't hold this past today
If any of you are up for a gamble, this is a good play for a short position / long puts. AZO has had a monster rally and is starting to wind back to some pre-pandemic support levels I believe. Now this is a good company, but the stock will get caught up in a mess of short-term declines in the Retail Trade sector and this one has far to fall and a well-defined area...
William Alligator : the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw, and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is under 70, so the stock is not overbought.
Candlestick patterns : there are three white soldiers which are a bullish...
NYSE:AZO is at an all time high. It broke above the resistance level on volume.
A buy at current level, with a stop at $1250; a wide stop, adjust trade size according to your #riskmanagement plan.
Long entry 1274.55, Targets 1 are 1638.5 1736.8 Targets 2 are 2023 to 2229
V bottom with a flag like handle..
AZO missed revenue on 12-10. Didnt seem to affect the chart drastically..
Earnings in March..
A V bottom does not necessarily have a handle for support but AZO has formed a handle like structure that looks like a long flag. There is also a V Cup...
$AZO posted its earnings with a negative over reaction following its announcement with the PEAD projecting a neutral outlook for the stock placing it in Drift C
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Trying to breakout of small downtrend since mid-September. It looks to be gaining momentum with RSI crossing above 50 and MACD cross plus histogram turning positive. Thursday brought a bullish engulfing candle with a close above 20, 50, and 100-day moving average. Options for this stock are thinly traded with wide bid/ask so this would be a share purchase with a...
Technical Indicator: 1 Day MACD Crossover below 0.
Beyond: Lots of used cars being bought in USA. I expect they will need tune-ups.
Upcoming earnings not too far away.
I would recommend buying now and at least holding for the 10% upside and potential greater gains.
This is not strongly affected by politics.
