Wednesday, March 23, 2011

AZO Spikes



The spiky AZO is bouncing higher pushing into Fib resistance (the most important Fibonacci level being the 61.8% retracement of the 2008 huge 88% drop).

The 0.7 round level should prove hard to pass though we cannot rule out a trip towards 0.75 (due to the spiky nature of this stock) until around mid April cycle wise.

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