Over the next few days I will be cleaning up the active trades and trade setups, either updating the charts or removing trades & setups that no longer look attractive, have hit their final profit target, or should have been stopped out.
In doing so, I noticed that AZO was still listed as an active short trade although it did recently trade above the suggest stop level. Therefore, I have re-categorized the previous charts as a completed trade but I’m also adding AZO back on as a new short setup, to be triggered on a break below this dual support area around the 345 level (horizontal support + bottom of the descending channel). For those who might still be short the stock (as the original short trade is currently profitable and the suggested stop was exceeded by less than 5%), please note that I have made a slight revision to the profit targets.