Amazon Uptrend Trade
Diupdate
In this obvious uptrend we've seen some consolidation and we're at support again.
What we can see is a very clear bullish candlestick at support that shows us the buyers are ready to step in again.
We're going to join them this expected impulsive move as shown on the chart.
Thanks for reading and have a great trade!
Wesley
What we can see is a very clear bullish candlestick at support that shows us the buyers are ready to step in again.
We're going to join them this expected impulsive move as shown on the chart.
Thanks for reading and have a great trade!
Wesley
Catatan
Testing the support again, it’s holding well for now.The USA markets are in the red today with the opening of the week.
Catatan
The extra support I have drawn is a possible support that we could take a look at right now, I've also drawn a resistance that could be the sign amazon will be in a downtrend from now on.That would mean this is not a good trade anymore and would let me take the stoploss just below the second support.
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I'm getting out, this is in my opinion not a clear uptrend anymore. Thanks for following! Better next time.
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