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!!!!