Amazon (similar to 
AAPL and 
MSFT) has been flowing with the cycle nicely.
The line to watch is the Green support line
Green line: Tested as support from 10 Nov, 21 Sep, 29 Jun. Acted as resistance on 20 May, 16 Apr.
Entry: 17-21 Dec at Price 3,150
Exit: 3,580
Waiting to confirm cycle pattern.
I also note that Amazon has peaked approximately 17 days before earnings. This is the approximate timeline of exit.
Good luck!
AAPL and MSFT) has been flowing with the cycle nicely.The line to watch is the Green support line
Green line: Tested as support from 10 Nov, 21 Sep, 29 Jun. Acted as resistance on 20 May, 16 Apr.
Entry: 17-21 Dec at Price 3,150
Exit: 3,580
Waiting to confirm cycle pattern.
I also note that Amazon has peaked approximately 17 days before earnings. This is the approximate timeline of exit.
Good luck!
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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.