AMZN has been in a range since last July. The doji/ hammer on 5 Mar confirmed the bounce up, and now is shaping a potential right shoulder on an inverted H&S.
Would like to see it correct to $3310-3330 for a better entry.
Target profit 1 is in the mid of the range with clear resistance at $3220 area.
Target profit 2 is the top of the range at $3400 area.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Would like to see it correct to $3310-3330 for a better entry.
Target profit 1 is in the mid of the range with clear resistance at $3220 area.
Target profit 2 is the top of the range at $3400 area.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Nota
Let's see if AMZN will enter our buying zone tomorrowOrdine annullato
Unfortunately it didn't enter our buying zone.But if you're willing to hold for Target profit 2, then this might still be a good trade
Trade attivo
Price entered buy zone yesterday. Let's see if it will continue higher todayNota
If price continue to head lower tomorrow, then i'll look to exitNota
Target profit 1 hit!Trade chiuso: obiettivo raggiunto
Good rally!Target profit 2 hit!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.