Autozone has broken the resistance, and I think many traders will close their short positions and other long traders will follow the move.
Also Autozone is in a Bullish trend on a Macro Level, so the trend is in favor of the longs.
If we apply the Fibonacci levels correctly we find the first target at $3,469 and the second price target at $3,609.
The stop loss...
META stock did break the resistance of the correction we had during this year and now it has break the resistance of the smaller correction. So, there is fuel for a bullish move.
Applying correctly the Fibonacci Levels, I would have an initial target at 736$ and a second target arround 821$.
My stop loss would be at 546$, just under the last small support we did...
