Wide, High-Volume Bar

AutoZone’s down -21.48% from all-time highs with -13.78% of that, in just December, alone.

Price action posted a wide, high-volume bar on earnings, that ‘missed’.

What we’re looking for now, is a test of that wide bar; then, to see if AZO rolls over into a (sustained) decline, or if that was the end of the current down move (not advice, not a recommendation).

AutoZone AZO, Daily

At this point, there’s been no follow-through after hitting support which suggests there could be a ‘spring’ attempt.

On a weekly basis (not shown), the downthrust energy Force Index, was the second highest ever, for AZO.

Stay Tuned

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The Danger Point®, trade mark: No. 6,505,279