Fundamentals aside, 
AZO price chart is showing the 2,740 2,800 zone as a respected support. Stock price has been around the 200 EMA D (55 EMA W) zone for 20 days while it went into an increasing negative momentum. Now the strength of the down trend started to fall as it looses negative momentum, this is a known pattern with a high probability for the price to rebound to its 55 EMA D.
Extra points that takes the probability even higher for the pattern to play out in my favor and for the continuation of the main trend.
AZO price chart is showing the 2,740 2,800 zone as a respected support. Stock price has been around the 200 EMA D (55 EMA W) zone for 20 days while it went into an increasing negative momentum. Now the strength of the down trend started to fall as it looses negative momentum, this is a known pattern with a high probability for the price to rebound to its 55 EMA D. Extra points that takes the probability even higher for the pattern to play out in my favor and for the continuation of the main trend.
- Classic bullish price/momentum divergence on the daily
- Confluence of the 55 EMA D and the next liquidity zone in the VRVP
交易進行
[img]The pattern played as planned. A partial close was made on the short term exit pattern signal and the entire position is protected with a S.L.
交易結束：目標達成
[img]A month after almost been stopped out, the 1:3 risk/profit target executed the closing sell limit order for this trade. The stock handled pretty well the ''Black Monday'' day market crash and has potential to the upside.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。