Amazon is a buy
So...
Amazon just had a big correction the last couple weeks. As we can see on the top chart (daily), in the past the price did this: raise to a new high, corrected once, came half to the level of the previous high, corrected a second time, AND THEN there headed straight for a new high.
If this pattern continues, we should be on our way to a new high. Why? Well, we had a high, price corrected, went back up, corrected again, and now is raising again.
My entry trigger is the break of the new high. Since amzn is really expensive I am looking for some other tool where i can sill profit from a new amazon rally.
My initial SL will be around 949.00 but will be trailed quickly, as this is a huge risk.
Any thoughts? Critisism?
Leave it in the comments!
Amazon just had a big correction the last couple weeks. As we can see on the top chart (daily), in the past the price did this: raise to a new high, corrected once, came half to the level of the previous high, corrected a second time, AND THEN there headed straight for a new high.
If this pattern continues, we should be on our way to a new high. Why? Well, we had a high, price corrected, went back up, corrected again, and now is raising again.
My entry trigger is the break of the new high. Since amzn is really expensive I am looking for some other tool where i can sill profit from a new amazon rally.
My initial SL will be around 949.00 but will be trailed quickly, as this is a huge risk.
Any thoughts? Critisism?
Leave it in the comments!
Transaction en cours
Alright our signal is here. I will grab my board surf this wave!
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Free Trading Education:
discord.gg/EQmck5aU
discord.gg/EQmck5aU
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.