Amazon.comLong
AMZN - Uptrend + Bullish Pinbar at value zone
I. Analysis
1. Uptrend as evident from series of hh/hl + 20MA (strong uptrend)
2. Price has been leaning against 20MA which can be deemed to be working as a value zone
3. Strong bullish pinbar just formed providing us with an entry
Popular stock in a very strong uptrend. Finally we have a new entry to ride this trend.
II. Trade
1. Enter at the next candle
2. SL 1 ATR below 20MA - trace it
3. TP Assertive cross and hold below 20 MA // let trailing sl be triggered
Plsd to hear yr comments.
Cheers
Ruben
1. Uptrend as evident from series of hh/hl + 20MA (strong uptrend)
2. Price has been leaning against 20MA which can be deemed to be working as a value zone
3. Strong bullish pinbar just formed providing us with an entry
Popular stock in a very strong uptrend. Finally we have a new entry to ride this trend.
II. Trade
1. Enter at the next candle
2. SL 1 ATR below 20MA - trace it
3. TP Assertive cross and hold below 20 MA // let trailing sl be triggered
Plsd to hear yr comments.
Cheers
Ruben
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.
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.