Break out from long consolidation
Updated
Amazon did it! Price broke out after great earnings and i don't see much stopping it from going up to 4,000 mark. I would keep a stop below the last swing low (2.5%) and take profits along the way (at least at previous ATH to pay yourself and make the trade risk-free). Risk-reward is very strong.
Trade closed: stop reached
Trade closed as price was too weak on the entry day. It seems to need a bit more time to consolidate, unless it drops back to mid 3,100.
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.