AMZN Entry, Volume, Target, Stop

When price clears: 114.00
With daily volume greater than 158M
Target: 139.50 area
Depending on your risk tolerance: 105.50 gets you 3/1 Risk/Reward.
Resistance: 121 area & 136 area

This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.

Kommentar:

You see what happened the last time this stock hit 114.00, on Feb 2nd. Gravity took over and it came slamming back down. Of course earnings had something to do with that, but this time we are beyond earnings.

1. I wouldn't enter this trade without great volume!
2. A lot of energy has been used in the last 2 weeks to get the price back up to 114, it may pause or pull back, especially without strong volume. You might consider waiting for a pause or pull back before entering.

Order storniert:

While the stock is doing well, the trade just didn't fit my criteria - not enough volume for me. I'll be watching for the next pull back!