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WadeYendall
Jul 7, 2021 5:30 AM

AMZN targets on breakout.  Long

Amazon.com, Inc.NASDAQ

Description

Beautiful breakout today above the multi week consolidation. I am not in this yet so will be looking for an entry. My preferred entry would be on a pull back to the top of the box. Price closed today right at the 1.13 fib resistance zone so a pull or at least some consolidation is possible. If price pushes higher right away I will wait for some consolidation and a break higher. My targets would be the fib levels above. I will likely wait until after the FOMC minutes are released at 2pm est before any entry.
Comments
Doc_B
@WadeYendall Price appears to be pulling back to the top of the multiweek pattern boundary at approximately $3,550. You still a buy there?
WadeYendall
@Doc_B, Was on vacation and unable to reply. Yes I entered on the pull back. Trimmed a bit already going into earnings.
Doc_B
@WadeYendall, I understand and hope you were able to rest and spend time with family. I also entered AMZN on the pullback.
ProjectSyndicate
need more setups just like this
WadeYendall
antwerks
yes you called it on the pull back on the June 28th - thought you might get in there?
WadeYendall
@antwerks, an entry around then would have been perfect, but I missed this one prior to the break.
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