PeterSl

Break out from long consolidation

Long
PeterSl Updated   
NASDAQ:AMZN   Amazon.com
Amazon did it! Price broke out after great earnings and i don't see much stopping it from going up to 4,000 mark. I would keep a stop below the last swing low (2.5%) and take profits along the way (at least at previous ATH to pay yourself and make the trade risk-free). Risk-reward is very strong.
Trade closed: stop reached:
Trade closed as price was too weak on the entry day. It seems to need a bit more time to consolidate, unless it drops back to mid 3,100.
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