AMZN long on covid lows test

AMZN just hit covid lows last week and bounced. RSI and MACD are doing positive divergence while price went negative.

Best stop loss would be any close below 81.3

Trade active

AMZN positioned from Friday is up 3%+
as we are well above the next support $86, update the SL as any daily candle close below $86. OR keeping the same 81.3 as SL and take partial profits on 20-25% position. this way you do not lose on the whole position.

Note

Closed 40% position here at 89.9 as 50MA daily and some resistance aligns.
i will add back when 90 area is cleared and retested

Note

AMZN ripping

Note

up 8.5% from last week entry. holding only 25% and sold the rest at 93.5

Note

CPI tomorrow. keep the risk lower

Trade closed: target reached

iamdeepak

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iamdeepak

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