AMZN buy near entry levels between 1600-1500 THE GOAL 1850-1950
Summery:
Increase long positions when shares reached the support level between 1550-1500 . This is area will be good for long positions till 1st Q 2019 Yellow color
Resistances at 1750
1st support 1597 2nd support 1505 stop loss
Notes:
RSI and MFI and stochastic all showing break thru to uptrend . its possible to get fresh higher low before continue uptrend .
Shares expected to break records during Holidays sales rather than expectations (Same as announced with other competitors such as Alibaba)
Increase long positions when shares reached the support level between 1550-1500 . This is area will be good for long positions till 1st Q 2019 Yellow color
Resistances at 1750
1st support 1597 2nd support 1505 stop loss
Notes:
RSI and MFI and stochastic all showing break thru to uptrend . its possible to get fresh higher low before continue uptrend .
Shares expected to break records during Holidays sales rather than expectations (Same as announced with other competitors such as Alibaba)
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