Break & Breakaway

AutoZone can’t seem to get it together for any kind of bullish move.

In fact, as each week goes by and price action continues to erode lower, the massive 200-plus point gap shown, looks more and more like a ‘breakaway;’ gap (not advice, not a recommendation).

Note the channel lines on a potential trading channel.

Stay Tuned

Charts by StockCharts, TC2000

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