Amazon posted a higher low on the 15 May 2014. Buy at the market price (305.0) with target objective on the median line (330.85). Close anyway by the 30 May 2014 if target is not reached.
Comments
LEONES
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HIT THE TARGET with Amazon - a bit later than expected
AlexandreFF
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Nice and clean chart but what about the pitchfork's resistance ?
LEONES
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What do you mean?
AlexandreFF
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The green middle trendline of pitchfork doesn't it serve as a resistance ?
LEONES
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yes the target is on the median line
AlexandreFF
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It seems quite difficult to reach that point in such a fast way, it could go to the middle pitchfork line before that point and then bounce back using it as a resistance level, that's just what i think. Anyways thanks for your charts their always great.
LEONES
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last Feb and March was similar speed
AlexandreFF
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I just think it is a very risky trade it will go up for now that we can be sure. Let's see what happens !