NASDAQ:AMZN 1800 seems to be a tough resistance level . Through 1800 it can see 1824. Over 1824 can see 1853. Over 1853 close, I think it can run to 1900, then 1951 fast.
Amazon's Q4 report is on 1/30. It's possible it can continue to consolidate until then. A good earnings can be the catalyst to get it to gap up over 2000. Over 2000 it can see 2036.
Best entry is on the 1800 break.
( The way I trade, I don't use any indicators. All I use are simple support and resistance levels. )
**This is just my opinion. Not investment advice. If anyone sees anything differently, feel free to leave a comment.
Amazon's Q4 report is on 1/30. It's possible it can continue to consolidate until then. A good earnings can be the catalyst to get it to gap up over 2000. Over 2000 it can see 2036.
Best entry is on the 1800 break.
( The way I trade, I don't use any indicators. All I use are simple support and resistance levels. )
**This is just my opinion. Not investment advice. If anyone sees anything differently, feel free to leave a comment.
Comment:
Next best trade is over 1900.