I really missed that one in the makings... Textbook hammer candle on Amazon, yesterday, and the stock is up quite a bit already. However, with the momentum that AMZN has got going, any shallow dip should be bought, especially when it ends with a Hammer. I'm a bit obsessed with hammers. Slow stochastics are also bottoming, so possibly indicating a good swing trade entry poing for a long.
Stop at 752
Target at 777
Stop at 752
Target at 777
Commento:
Hammer worked, second day of strong rally :)