(amzn) crucial weekly chart analyze !
in our weekly chart (amzn )look very vulnerable.
after piercing engulfing pattern we heading to close
the week with "shooting star" that comes from (lh no'1).
in our model it's create a cluster for short on a breakdown of 802.75
if so, 750/40 area will be seen fast.
only breaching 843 to the upside in the next day negate this scenario.
*** so it's all about the earning after hours.
*** see the "candle chart" to recognize the pattern that we tacked about.
in our weekly chart (amzn )look very vulnerable.
after piercing engulfing pattern we heading to close
the week with "shooting star" that comes from (lh no'1).
in our model it's create a cluster for short on a breakdown of 802.75
if so, 750/40 area will be seen fast.
only breaching 843 to the upside in the next day negate this scenario.
*** so it's all about the earning after hours.
*** see the "candle chart" to recognize the pattern that we tacked about.
Trade chiuso: obiettivo raggiunto:
s16.postimg.org/403i.../2358175bc62f3e3.png
Advanced Description:
31/10/16
indeed after the earning (amzn) decline to the crucial support
that we gave here 740/50 area.
it's rallied from there to 787 (now at market). 791 is a very
crucial res. only breaching it can create a new leg up. under it
and 740/50 area is to be seen again !!!
Advanced Description:
31/10/16
indeed after the earning (amzn) decline to the crucial support
that we gave here 740/50 area.
it's rallied from there to 787 (now at market). 791 is a very
crucial res. only breaching it can create a new leg up. under it
and 740/50 area is to be seen again !!!
for all those who used it to trade and asked us:
the profit from shorting (amzn) at the 790 area is approximately
between +5.5 / 7.5% (now amzn is at 732).
so it's ok to take profit for at least 1/2 position and must
to place stop at 769.50 to hedged +2.65% as minimum !!!
we continue to stand behind the weekly illustration and numbers on chart.
www.interload.co.il/upload/7083320.png