Bullish Idea on Bounce
AMZN has a nice looking setup. I like the way the stock is up-trending and the moving averages are supporting it. I am looking for a bounce off the Daily 10 EMA for entry.
The only con if there is one is that I generally don't like trading during these hours when the algos are taking over and would much prefer to trade closer to 2. The market is flowing today so another concern is I don't want the stock to get exhausted and turn on me, so I'm being extra careful. But with everything set aside, this is a setup I like.
R1 - 137
R2 - 138
R3 - 140
Remember friends, this is just an idea that is not guaranteed to play out and is in no way financial advice.
Happy Trading!
The only con if there is one is that I generally don't like trading during these hours when the algos are taking over and would much prefer to trade closer to 2. The market is flowing today so another concern is I don't want the stock to get exhausted and turn on me, so I'm being extra careful. But with everything set aside, this is a setup I like.
R1 - 137
R2 - 138
R3 - 140
Remember friends, this is just an idea that is not guaranteed to play out and is in no way financial advice.
Happy Trading!
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