Amazon.comShort
AMZN pullback to $201 (buying AMZD)
MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above or at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at near overbought level
VBSM is turning spiked positive
Price at or near Fibonacci level
Target is $201 or channel bottom
Buying
AMZD
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price above or at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at near overbought level
VBSM is turning spiked positive
Price at or near Fibonacci level
Target is $201 or channel bottom
Buying
AMZD
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