03.freeman

AMAZON - Buy opportunity

NASDAQ:AMZN   AMAZON COM INC
Amazon stocks where retracing in last few days and weekly chart is forming a doji star.
Slow stochastic confirms a rebound to oversold line.

Good opportunity for buy.
There are two possible entries.
Conservative:
- Place a buy stop just few pips above doji star high;
- Stop loss at low of previous week;
- Take profit with a risk/reward ratio above 1.5.

Aggressive:
- AMZN pre-market session is negative;
- Enter long at market open;
- Stop loss at low of previous week;
- Take profit with a risk/reward ratio above 1.5, better if 2.

ADVICE:
This idea is based on my researches, do your own study and don't invest based on this idea only.

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