What I'm Watching

[ammo]

Quote from IvicaJ:

Chart of the week

Date: 05/24/2010

Symbol: AZO


Company Profile: AutoZone, Inc. operates as a specialty retailer and distributor of automotive replacement parts and accessories. Its stores offer various products primarily to do-it-yourself customers for use in cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.

Sector: Services
Industry: Auto Parts Stores
nice call
TRADING PLAN

Entry price: long above: 184
Stop price: stop under: 181.80
Target: 200 areas

Chart explanation: AZO generally holding much better then overall market. Also forming daily flag pattern and 15 min triangle what is time frame for trading plan. Because of that AZO can be used as day trade and as swing trade. It will depends on breakout action and volume.

If anyone will have any question please feel free to contact me.

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Wish you all good trading!!!
Kind regards
Ivica

nice call

 

[xpertstocktrader]

Quote from ammo:

nice call

Thank you. Trading risk is higher because of sloe market action and for now AZO is ok

thanks

 

[xpertstocktrader]

all best

 

[xpertstocktrader]

[13:15] <ivica> 13:15:29 STOCK DAY TRADE: BUY SETUP SHLD above 88.25
[13:15] <ivica> 13:15:41 STOCK DAY TRADE UPDATE: SHLD stop under: 87.80

 

[xpertstocktrader]

Chart of the week

Chart explanation: CASY generally holding much better then overall market. Also CASY forming daily flag pattern with continuation pattern and 15 min base. Because of that CASY can be used as day trade and as swing trade. It will depend on breakout action and volume.

If anyone will have any question please feel free to contact me.

 

[xpertstocktrader]

Position Trade

If you need any other explanation feel free to contact me

Best luck to all

 

[xpertstocktrader]

<ivica> 14:21:31 STOCK SWING TRADE: SHORT SETUP SLW under 18.90, stop above: 19.21

 

[xpertstocktrader]

Swing possibility

 

[xpertstocktrader]

Free stock recommendation

AZO form daily/120 min triangle. Obviously AZO holding very good comparing with market and I will look for another move up to magic $200target area. Since market is very indecision and since we can see strong reaction I’m using relative tight trading plan for AZO.

Wish you all good trading
Ivica

 

[xpertstocktrader]

gl