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meatman00
Jul 8, 2019 1:10 AM

AMZN - Eyeing a 10% move ahead Long

Amazon.com, Inc.NASDAQ

Description

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AMZN has been in a volatile trading range for some time and it is now testing the upper end of the range, last time we had a sharp rejection after an initial break out.

Looking for AMZN to hold the breakout, possibly retest $1930 before propelling ahead to my TP targets marked in the charts.

Still a high risk reward trade, No stop loss here but a daily close below the 50DMA would be my trigger to exit the trade.

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