Amazon stocks have been in a downtrend since the start of the month, however we can use a long opportunity when the price will reach strong support around 3000 and bounce back to 3200 area, where a 50% Fib line and MA200 would intersect eventually.
Trade closed: target reached
With the target had been reached, we closed LP at $4199 level.
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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.