timwest

AMZN - No high in 5-days SELL SIGNAL SETUP

NASDAQ:AMZN   AMAZON COM INC
376 3 3
So, I'm just merely pointing out here that there is a setup where AMZN             hasn't made a new high in 5-days and therefore, you could sell breaking below a previous day's low and then use a trailing stop above the previous day's high. See for yourself. I have graphed a number of examples going back to December. You can wait for a 52-week high to begin this method or try it another way. This is a simple, mechanical observation. I also have noticed through google             trends that the daily unique visitors to amazon have been quietly declining for the past couple of months, which may imply a weak earnings report later this month. Again, see for yourself. Comments? Reactions?
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timwest PRO
5 years ago
Big winner.
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charttrader PRO timwest
5 years ago
nice trade! i will follow you for sure
Reply
stockmy timwest
5 years ago
good job
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