Monday, November 26, 2012


AZO

Please note:

1. Chart pattern basing, likely to breakout higher
2. Hence, loosen stop losses so more room for stock to move, without getting whipsawed.
3. Stop losses to use can be the 2 orange lines.
4. Industry line (blue) also looking ready to bounce higher.
5. OBV (orange line in volume pane) also trending higher recently showing increasing demand - bullish
6. 50MA crossing over 200MA - bullish


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