Bearish Trade Setup for AMZN

5 янв. 2017 г.

Creeping back towards its moving averages, giving us a nice opportunity for a bearish trade setup. It broke down out of a wedge pattern last week but has traded sideways since.

Looking for it to move down to lows made in December and November for price targets.

Stop Loss: 21-day EMA or 8-EMA if you want less risk

5 янв. 2017 г.

Заметка

Big move up today, will be looking for an entry point at a sign of weakness. If it moves above 780...will be looking at it from a long position