Amazon (AMZN) is showing signs of potential bullish continuation on the 4-hour timeframe, but confirmation is key before entering a trade. Here’s a structured breakdown of the setup:
Technical Analysis
1. Key Resistance at $200.50
• The price is currently consolidating just below this key level.
• A clear breakout with strong volume would confirm bullish momentum.
• If the breakout is successful, the next upside targets are $213 and $230.
2. Market Structure:
• Higher lows indicate increasing buyer interest.
• If AMZN maintains support above $190, it strengthens the bullish case.
3. Indicators & Confirmation:
• RSI: Trending upwards, but still below overbought levels, suggesting room for further upside.
Fundamental & Sentiment Factors
• Tech Sector Strength: The broader tech market (NASDAQ 100) remains strong, supporting large-cap tech stocks.
• Institutional Accumulation: Increased buying volume from institutions would further validate the breakout.
• Macroeconomic Catalysts: Any positive data regarding interest rates, consumer spending, or e-commerce growth could fuel additional upside.
Trading Plan
✅ Entry: Wait for a break and retest of $200 before going long.
📉 Stop-Loss: Below $189 (to protect against false breakouts).
🎯 Targets: $213-230 (short-term levels).
📊 Risk Management: Position sizing should align with overall risk tolerance.
Patience is key. A confirmed breakout above $200.59 could provide a solid buying opportunity, but failure to hold above this level may lead to further consolidation.
Technical Analysis
1. Key Resistance at $200.50
• The price is currently consolidating just below this key level.
• A clear breakout with strong volume would confirm bullish momentum.
• If the breakout is successful, the next upside targets are $213 and $230.
2. Market Structure:
• Higher lows indicate increasing buyer interest.
• If AMZN maintains support above $190, it strengthens the bullish case.
3. Indicators & Confirmation:
• RSI: Trending upwards, but still below overbought levels, suggesting room for further upside.
Fundamental & Sentiment Factors
• Tech Sector Strength: The broader tech market (NASDAQ 100) remains strong, supporting large-cap tech stocks.
• Institutional Accumulation: Increased buying volume from institutions would further validate the breakout.
• Macroeconomic Catalysts: Any positive data regarding interest rates, consumer spending, or e-commerce growth could fuel additional upside.
Trading Plan
✅ Entry: Wait for a break and retest of $200 before going long.
📉 Stop-Loss: Below $189 (to protect against false breakouts).
🎯 Targets: $213-230 (short-term levels).
📊 Risk Management: Position sizing should align with overall risk tolerance.
Patience is key. A confirmed breakout above $200.59 could provide a solid buying opportunity, but failure to hold above this level may lead to further consolidation.
Dagangan aktif
now this was a nice bull. those who took trade in time well done
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.
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.