Hello, AMZN is already trading sideway for a while and is currently sitting on the resistance once again.
Previously we had a bulltrap (yellow circle) above resistance (which i predicted also, as it was likely there we´re lots of stop-buy orders to get trapped) and it seem´s we are soon breaking out for real.
Altho, this can still turn bearish as long we didnt break red resistance zone.
I dont expect another Bulltrap, so i guess putting stop buy order´s above the zone is fine this time, but recommending close SL´s.
Earning have been insance in the last quartals, so i think its about time to break up.
Midterm Targets, should be 8000 (i know its high as F***)
DYOR.
Previously we had a bulltrap (yellow circle) above resistance (which i predicted also, as it was likely there we´re lots of stop-buy orders to get trapped) and it seem´s we are soon breaking out for real.
Altho, this can still turn bearish as long we didnt break red resistance zone.
I dont expect another Bulltrap, so i guess putting stop buy order´s above the zone is fine this time, but recommending close SL´s.
Earning have been insance in the last quartals, so i think its about time to break up.
Midterm Targets, should be 8000 (i know its high as F***)
DYOR.
