monster technicals

AZZ has a 2 year pennant formation to its name. Obviously it needs to break north for the pattern to play out as opposed to the other direction - but you get my drift.

You may also note the possibility of a reverse head and shoulders formation occuring since March/April 2012? A right shoulder formation and breakout of the neckline may give enough momentum to push through major 2 year resistance at the 50c downtrend line to signal a major breakout.

As per usual - XSO and OOO looking weak and market doldrums may spoil the party but if it comes together it may present a lower risk plan of attack.

Deal breaker if lower support taken out.

Trade Safe