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Gold_D_Roger
Jun 16, 2022 6:16 AM

Buy AMAZON now!! Huge discount sale for an ecommerce behemoth! Long

Amazon.com, Inc.NASDAQ

Description


Technical Analysis
- Triple bounce off $101 level with big reaction upwards,
- this region used to be resistance now flipped support.
- Its also the 61.8% retracement level (golden zone for a rebound)
- stochastic RSI was in oversold, now rebounding

Trades:
Short term traders can look for a LONG from current level
For long term traders this is a good region to BUY MORE AMAZON

Trade active

Very nice 32% gain, SL moved to 118
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