AutoZone, Inc.Long
Autozone breakout could go to $3,469 and even $3,609
Autozone has broken the resistance, and I think many traders will close their short positions and other long traders will follow the move.
Also Autozone is in a Bullish trend on a Macro Level, so the trend is in favor of the longs.
If we apply the Fibonacci levels correctly we find the first target at $3,469 and the second price target at $3,609.
The stop loss is going to be just under the last major low at $2,964.
Also Autozone is in a Bullish trend on a Macro Level, so the trend is in favor of the longs.
If we apply the Fibonacci levels correctly we find the first target at $3,469 and the second price target at $3,609.
The stop loss is going to be just under the last major low at $2,964.
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