Long

AMZN to snap back

Hi

I am very encouraged by my PLTR trade idea to test 116, 121 in my previous post. They certainly do respect the Fib Extension levels.

This time, I am applying Fib Retracement to AMZN, which I think will bounce back to 0.28 (222), 0.38(226) and even 0.5(229), from it current levels of 216.

Secondly if you observe the daily charts, everytime RSI dips below 30, it's a buying opportunity.
(Do note: there are a couple of times when RSI double dipped to present a buying opportunity.)

All the best!!!!

wayno110

Related publications

PLTR FIB Extension

by wayno110

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