AMZN; bounced off lower range with a potential inverted H&S

2021年3月12日

AMZN has been in a range since last July. The doji/ hammer on 5 Mar confirmed the bounce up, and now is shaping a potential right shoulder on an inverted H&S.

Would like to see it correct to $3310-3330 for a better entry.

Target profit 1 is in the mid of the range with clear resistance at $3220 area.

Target profit 2 is the top of the range at $3400 area.

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

Thanks!

2021年3月15日

註釋

Let's see if AMZN will enter our buying zone tomorrow

2021年3月16日

取消訂單

Unfortunately it didn't enter our buying zone.

But if you're willing to hold for Target profit 2, then this might still be a good trade

2021年3月19日

交易進行

Price entered buy zone yesterday. Let's see if it will continue higher today

2021年3月25日

註釋

If price continue to head lower tomorrow, then i'll look to exit

2021年4月5日

註釋

Target profit 1 hit!

2021年4月13日

交易結束：目標達成

Good rally!
Target profit 2 hit!