AMZN watch $186-189: Key Resistance zone for Recovery Bounce

23 Apr

AMZN struggling with China tariffs but trying to recover.
Now up into a key resistance zone at $186.75-188.98
Anticipating some consolidation below or within zone.

.

Previous analysis that called the TOP:

===================================================

8 Mei

Dagangan aktif

Ready to finally GO?

(yellow shaded area is from posting time on)

.

Zoom in (M15) for a closer look
We have three subsequently higher fib bounces.
This is probably Bulls' BEST chance to move up.
Let's see how the rest of this week plays out.

===================================================

.

15 Mei

Dagangan ditutup: sasaran tercapai

BOOM

Yellow shaded area is from posting time.
Green arrows are from last update, 3 bounces.
Blue price range is Trade Entry+Exit for 11% gains.

.

Closed 50% of the position, trailing stop on rest.
So booked nice gains for now, see if we get more.
Will post another idea when picture clarifies again.

===================================================

.