AZO, Autozone

azo2 azo

I have never even heard of this company but it counts pretty well simple because there are a number of clear patterns, a megaphone, a triangle and an irregular flat a-b-c. Also we are approaching the upper parallel trend-line and both the RSI and MACD are not confirming the new highs. The trick is to get the patterns in the correct order and in the proper degree, which I may or may not have done. This thing is so robust that even a few minor changes do not effect the outcome all that much. One more little wiggle is required but around $210 this is a sell! The first target would be at $135 or so, by coincidence also this years low.