Hello traders i hope you had a good trading week.
Let's see the Amazon stock that is currently sitting on tempting levels for a buy..
TECHNICAL OBSERVATIONS
1.WE ARE ENTERING A GREAT SUPPORT ZONE THAT WE HAD A LOT OF GOOD RALLIES IN THE PAST.
2.WE HAVE THE 200EMA WITH ASCENDING SLOPE WHICH IS FAVORING LONGS AND ACTS AS A GREAT SUPPORT.
3.WE HAVE THE STOCHASTICS AT OVERSOLD AREA READY FOR ANOTHER RALLY.
4.WE ALSO NOTICED THE BULLISH DIVERGENCE AT THE RSI INDICATOR.
POSSIBLE LONG TRADE
ENTRY PRICE AT 955$
STOP LOSS AT 920$
FIRST TARGET T1 AT 1020$
SECOND TARGET T2 AT 1075$
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
Let's see the Amazon stock that is currently sitting on tempting levels for a buy..
TECHNICAL OBSERVATIONS
1.WE ARE ENTERING A GREAT SUPPORT ZONE THAT WE HAD A LOT OF GOOD RALLIES IN THE PAST.
2.WE HAVE THE 200EMA WITH ASCENDING SLOPE WHICH IS FAVORING LONGS AND ACTS AS A GREAT SUPPORT.
3.WE HAVE THE STOCHASTICS AT OVERSOLD AREA READY FOR ANOTHER RALLY.
4.WE ALSO NOTICED THE BULLISH DIVERGENCE AT THE RSI INDICATOR.
POSSIBLE LONG TRADE
ENTRY PRICE AT 955$
STOP LOSS AT 920$
FIRST TARGET T1 AT 1020$
SECOND TARGET T2 AT 1075$
THANKS FOR SUPPORT!
KEEP FOLLOWING FOR MORE PROFITS!
Trade active
Comment:
Risky but sweet entry..
Comment:
Nice move today as expected...
Comment:
GREAT PROFITS ON THIS ONE!