Reached final target zone of my bearish setup - Testing support
Just before AMZN's report I mentioned 1070-1100$ as the potential top for Amazon.
Since then AMZN price dropped almost 100$
It has reached the final target zone of my pre-earnings setup.
Now it is testing support.
Bullish? This is your potential Buy Zone
Bearish? You should probably hold bearish positiosn (after taking some profits), or wait for the breakdown of the channel
Since then AMZN price dropped almost 100$
It has reached the final target zone of my pre-earnings setup.
Now it is testing support.
Bullish? This is your potential Buy Zone
Bearish? You should probably hold bearish positiosn (after taking some profits), or wait for the breakdown of the channel