AMZN Oversold - Initial Long
Updated
Couple points to consider
1) RSI
2) Bullish divergence as drawn
3) Price below BB (In general price tends to print inside Bollinger Bands, usually a move below/above them will almost immediately result in the opposite move)
4) 5 oscillators flashing bullish on 3D chart
For me an easy 20-30% profit long trade. Too bad I can't be arsed to open a trading account on a broker.
1) RSI
2) Bullish divergence as drawn
3) Price below BB (In general price tends to print inside Bollinger Bands, usually a move below/above them will almost immediately result in the opposite move)
4) 5 oscillators flashing bullish on 3D chart
For me an easy 20-30% profit long trade. Too bad I can't be arsed to open a trading account on a broker.
Note
12% upNote
Looking back on this idea now, the 30% target was eventually reached.Note
Reiterating what I said when I originally posted this idea: "Too bad I can't be arsed to open a trading account on a broker". Almost 100% price gain since I posted this idea.Note
And still...
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