IT'S ABOUT TIME FOR AMAZON!
Hello traders i hope you had a good trading week.
Let's see the Amazon stock that is currently sitting on tempting levels for a buy..
TECHNICAL OBSERVATIONS
1.WE ARE ENTERING A GREAT SUPPORT ZONE THAT WE HAD A LOT OF GOOD RALLIES IN THE PAST.
2.WE HAVE THE 200EMA WITH ASCENDING SLOPE WHICH IS FAVORING LONGS AND ACTS AS A GREAT SUPPORT.
3.WE HAVE THE STOCHASTICS AT OVERSOLD AREA READY FOR ANOTHER RALLY.
4.WE ALSO NOTICED THE BULLISH DIVERGENCE AT THE RSI INDICATOR.
POSSIBLE LONG TRADE
ENTRY PRICE AT 955$
STOP LOSS AT 920$
FIRST TARGET T1 AT 1020$
SECOND TARGET T2 AT 1075$
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
Let's see the Amazon stock that is currently sitting on tempting levels for a buy..
TECHNICAL OBSERVATIONS
1.WE ARE ENTERING A GREAT SUPPORT ZONE THAT WE HAD A LOT OF GOOD RALLIES IN THE PAST.
2.WE HAVE THE 200EMA WITH ASCENDING SLOPE WHICH IS FAVORING LONGS AND ACTS AS A GREAT SUPPORT.
3.WE HAVE THE STOCHASTICS AT OVERSOLD AREA READY FOR ANOTHER RALLY.
4.WE ALSO NOTICED THE BULLISH DIVERGENCE AT THE RSI INDICATOR.
POSSIBLE LONG TRADE
ENTRY PRICE AT 955$
STOP LOSS AT 920$
FIRST TARGET T1 AT 1020$
SECOND TARGET T2 AT 1075$
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
Trade active
Note
Risky but sweet entry..Note
Nice move today as expected...Note
GREAT PROFITS ON THIS ONE!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.