AMZN recently broke below its uptrend from early August and has also broken below horizontal support near 183. I think that level would be a good place to use for a stop loss, upside target would be supply/190 above.
If it stays below 183 and breaks the recent low around 180 I'd look for a move down to fill the gaps around 175 and 172. Overall I like the way it has remained below 183 after an attempt to reclaim which quickly failed. It's also been fairly weak relative to NQ lately in general. Names such as NVDA and META have been much stronger so that's where I'd be looking for longs, not on AMZN.
If it stays below 183 and breaks the recent low around 180 I'd look for a move down to fill the gaps around 175 and 172. Overall I like the way it has remained below 183 after an attempt to reclaim which quickly failed. It's also been fairly weak relative to NQ lately in general. Names such as NVDA and META have been much stronger so that's where I'd be looking for longs, not on AMZN.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.