Long

$AMZN Can it Break Thru This Area of Resistance?

Updated

I am looking / waiting for Amazon to break above this area of resistance before I get involved. If we get an improving market ( I don't know if we will) then I expect Amazon can head back to recent highs.

I have an alert set on that line and if / when it breaks thru I'll start looking at a lower timeframe to determine a good entry and stop area.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

Note

If it breaks below the small area of support, then I will look at going short. It may be a good trade either way.

Note

I am a little mad at myself here on AMZN. I set an alert on a cross above resistance but not a cross of support even though I posted that it could be a good trade long or short... lesson; set alerts when it can go either way. :(

jaxdog

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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

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