chuckk555

chuckk555

Autozone will likely see some significant downward movements in the coming months, as there are several factors that are applying headwinds for the business. This includes higher commodity prices, lower consumer purchasing power, and higher employee costs which will put substantial pressure on both the top and bottom lines. Additionally, AZO has high debt...

chuckk555

Hi all, we are approaching the top of the long-term supporting channel. While this is the top of the channel, I think this will serve as the lower bound of a new channel for the Q's. Reason being, the pandemic has accelerated the adoption of technologies and so we wouldn't expect the price to fall to the old (pre-pandemic) growth rate. Please note that this...

chuckk555

We are approaching a possible buying opportunity on NVDA. This downside move was expected (see linked analysis), but we are nearing lower support from the expanding channel. While this is a potential place to enter a position, we would ideally want to wait until we see a clear bottom on the slide, where we start seeing higher highs/lows within the channel.

chuckk555

There is a confluence of Channel/Descending Wedge breakage. While I like this stock long-term, I would expect this stock "return to earth", as multiples contract on the back of rising interest rates and decreasing real wages (i.e. lower purchasing power).