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gorillacharts

Never Ever Ignore a Hammer Candle! Amazon

Long
Amazon.com (NASDAQ:AMZN)  
gorillacharts Updated   
NASDAQ:AMZN   Amazon.com
amazon AMZN amznlong tradeidea LONG Bullish Patterns swingtrade swinglong swing
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amazon amzn amznlong tradeidea long bullish swingtrade swinglong swing
I really missed that one in the makings... Textbook hammer candle on Amazon, yesterday, and the stock is up quite a bit already. However, with the momentum that AMZN has got going, any shallow dip should be bought, especially when it ends with a Hammer. I'm a bit obsessed with hammers. Slow stochastics are also bottoming, so possibly indicating a good swing trade entry poing for a long.
Stop at 752
Target at 777
Comment:
Hammer worked, second day of strong rally :)
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