childreth43

Bearish Trade Setup for AMZN

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childreth43 已更新   
NASDAQ:AMZN   Amazon.com
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
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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

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