Julius2014

Amazon.com out of the game?

NASDAQ:AMZN   AMAZON COM INC
8 0 0
Many are placing bets that Amazon.com will not touch a new all-time high. Bets are not for me, instead I’m looking for the best risk-to-income ratio. The indicator is presently inadmissible for bearish trading and to trade in a bullish manner it is necessary to wait for the stock to reach the 2009 support level (around USD 320) or to set a new high. It’s a scary thing to buy at the breakout level, but the fear is reduced by the moderate size of a position and the clear understanding of the target. In our case, the target is around USD 480 (the Fibonacci retracement level of 161.8%).

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