TradeDayOnline

AZO triple top and lots of indicators

看空
NYSE:AZO   AutoZone, Inc.
SHORT - AZO
SL: 1193.13 (Suggested by our algorithmic system)
TP: 1123.62 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Tested resistance level 3 times and failed to break through

2. Volume indicators suggest that AZO is in a distribution phase or in the supply zone

3. RSI, MACD, Stochastic indicators showing some bearish divergence


---------- Chart Drawings ----------

Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Red Rectangle Box: Resistance Level
Blue Rectangle Box: Support Level
Purple Vertical Line: Suggested Stoploss by our algorithmic system
Green Vertical Line: Suggested Stoploss by our algorithmic system

Trade idea from our mobile app: ibb.co/640BFCT (Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!
免責聲明

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。