AMZN quickly sold off after a brief move up above 190 and near ATH. It had a nice ascending wedge break as well. It's currently in a range from about 190-183, we also have an uptrend support line just below that started back at the August lows.
We could see a big flush below 183 if it breaks and also falls below the uptrend from August. First target for me would be somewhere in the 175-170 area. I like the support around 175 and there's also a gap fill around 172.
If it holds above 183 and maintains the uptrend from August, first upside target would be supply near 188 and then 190 again.
We could see a big flush below 183 if it breaks and also falls below the uptrend from August. First target for me would be somewhere in the 175-170 area. I like the support around 175 and there's also a gap fill around 172.
If it holds above 183 and maintains the uptrend from August, first upside target would be supply near 188 and then 190 again.
You reap what you sow.
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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.
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Penafian
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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.