AMZN versus AAPL pairs update
I like to see trendlines break to see if that flushes out the weak holders. What I can see here is that AMZN did clearly break this long term trend and has had plenty of bad news lately. I believe this may be a low risk entry on the long-side with a definable risk (always 3 average daily ranges) and plenty of upside potential. I think AMZN is a reasonable buy here.
By: Technical Tim, Wed, Jan 11, 2012, 3:19PM EST
By: Technical Tim, Wed, Jan 11, 2012, 3:19PM EST
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.