Where is AMAZON going? (How to Trade Amazon's Stock in August)
Are you long on AMAZON? Maybe short (for some reason).
Either way- here is an ideal trade setup. All the levels are listed out on the chart for buyers and short sellers, and if we get the break (bearish play) with a confirmation on our MACD, I would consider entering short for the time being! Yes, shorting AMZN, would you believe it?
Or maybe our daily trend line doesn't break? Well I'm in after it holds again, buying the dips, and riding up to the take profit zones.
I will keep updating the chart as we move along- so make sure to follow either this chart or my profile for important updates.
Either way- here is an ideal trade setup. All the levels are listed out on the chart for buyers and short sellers, and if we get the break (bearish play) with a confirmation on our MACD, I would consider entering short for the time being! Yes, shorting AMZN, would you believe it?
Or maybe our daily trend line doesn't break? Well I'm in after it holds again, buying the dips, and riding up to the take profit zones.
I will keep updating the chart as we move along- so make sure to follow either this chart or my profile for important updates.
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