AMZN watch $186-189: Key Resistance zone for Recovery Bounce

23 apr

AMZN struggling with China tariffs but trying to recover.
Now up into a key resistance zone at $186.75-188.98
Anticipating some consolidation below or within zone.

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Previous analysis that called the TOP:

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8 mag

Trade attivo

Ready to finally GO?

(yellow shaded area is from posting time on)

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Zoom in (M15) for a closer look
We have three subsequently higher fib bounces.
This is probably Bulls' BEST chance to move up.
Let's see how the rest of this week plays out.

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15 mag

Trade chiuso: obiettivo raggiunto

BOOM

Yellow shaded area is from posting time.
Green arrows are from last update, 3 bounces.
Blue price range is Trade Entry+Exit for 11% gains.

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Closed 50% of the position, trailing stop on rest.
So booked nice gains for now, see if we get more.
Will post another idea when picture clarifies again.

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