Never Ever Ignore a Hammer Candle! AmazonI really missed that one in the makings... Textbook hammer candle on Amazon, yesterday, and the stock is up quite a bit already. However, with the momentum that AMZN has got going, any shallow dip should be bought, especially when it ends with a Hammer. I'm a bit obsessed with hammers. Slow stochastics are also bottoming, so possibly indicating a good swing trade entry poing for a long.
Stop at 752
Target at 777
Amznlong
My 1st chart on stocks; AMZNSo here is what I think it will happen to AMZN during the next days, I believe it will go up around 780.00 if it breaks through 756.61 and then it will go down to around 744.00.
This is my first chart in stocks, and I usually trade on forex only. So if you think I'm wrong, please leave a comment to know why.