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AMZN has been in a volatile trading range for some time and it is now testing the upper end of the range, last time we had a sharp rejection after an initial break out.
Looking for AMZN to hold the breakout, possibly retest $1930 before propelling ahead to my TP targets marked in the charts.
Still a high risk reward trade, No stop loss here but a daily close below the 50DMA would be my trigger to exit the trade.
twitter.com/meatty86
AMZN has been in a volatile trading range for some time and it is now testing the upper end of the range, last time we had a sharp rejection after an initial break out.
Looking for AMZN to hold the breakout, possibly retest $1930 before propelling ahead to my TP targets marked in the charts.
Still a high risk reward trade, No stop loss here but a daily close below the 50DMA would be my trigger to exit the trade.