Robo

Amazon long term view

Short
BATS:AMZN   Amazon.com, Inc
0
Presently neutral with short bias. Will be looking to initiate a short on a break and close of the ascending channel with a stop on a weekly close back above the channel (215-230 zone). Targeting $150 and $100, taking half off upon the first target being reached.

Update: Although my chart analysis was correct, I did not end up taking a trade on this. It is still located within the confines of the ascending channel , but as I was looking for a short, i did not get my entry.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.