AMZN - Eyeing a 10% move ahead
Follow me on Twitter:
twitter.com/meatty86
AMZN has been in a volatile trading range for some time and it is now testing the upper end of the range, last time we had a sharp rejection after an initial break out.
Looking for AMZN to hold the breakout, possibly retest $1930 before propelling ahead to my TP targets marked in the charts.
Still a high risk reward trade, No stop loss here but a daily close below the 50DMA would be my trigger to exit the trade.
twitter.com/meatty86
AMZN has been in a volatile trading range for some time and it is now testing the upper end of the range, last time we had a sharp rejection after an initial break out.
Looking for AMZN to hold the breakout, possibly retest $1930 before propelling ahead to my TP targets marked in the charts.
Still a high risk reward trade, No stop loss here but a daily close below the 50DMA would be my trigger to exit the trade.
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.