Everybody and their Grandma are longing the AMZN resistance breakout. (I wanted too but then i thought it cant be that easy)
So i think we may see a bulltrap coming. Im very Bullish midterm on AMZN but maybe not yet.
Im not trading it, just wanted to inform some of you who wanted to long the breakout, that i i think its a trap.
Have a nice Day
So i think we may see a bulltrap coming. Im very Bullish midterm on AMZN but maybe not yet.
Im not trading it, just wanted to inform some of you who wanted to long the breakout, that i i think its a trap.
Have a nice Day
Comment:
its just a sketch, not actual targets for bulltrap, something like 3700 seems more reasonable as bulltrap target
Comment:
so far so good, price reached my bulltrap target and is sitting now at previous resistance. retest of said resistance or bulltrap is the question now.
Comment:
price is back in the range, looks like my idea was a success.
maybe another retest of resistance zone and then going to support zone is what i expect now.
Altho tech stocks are up pretty high already, propably a good long entry at support. expecting amzn to go to ~6500-7000 USD before a huge correction.
price is back in the range, looks like my idea was a success.
maybe another retest of resistance zone and then going to support zone is what i expect now.
Altho tech stocks are up pretty high already, propably a good long entry at support. expecting amzn to go to ~6500-7000 USD before a huge correction.
