ABC Bullish
This is quite a bit past long entry level and AZO must have beat earnings. Perhaps if you are already in this it could help, or when a pull back occurs, you wish to get in, this chart could be helpful.
The target is D. The AB leg is used to calculate targets. The CD leg can be shorter than the AB leg, the same length, or longer or an extension of the AB leg.
Price is outside the top bollinger band with the moving average on 20. It is still within the bands on this chart which has a moving average of 80.
It is not quite overbought on daily, weekly or monthly with RSI set on 80 verses 70.
NV is high.
Possible stop below C or last pivot low.
No recommendation.
It is often when one is winning that they are more susceptible to mistakes.
The target is D. The AB leg is used to calculate targets. The CD leg can be shorter than the AB leg, the same length, or longer or an extension of the AB leg.
Price is outside the top bollinger band with the moving average on 20. It is still within the bands on this chart which has a moving average of 80.
It is not quite overbought on daily, weekly or monthly with RSI set on 80 verses 70.
NV is high.
Possible stop below C or last pivot low.
No recommendation.
It is often when one is winning that they are more susceptible to mistakes.
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