AMAZON - Buy opportunity
Amazon stocks where retracing in last few days and weekly chart is forming a doji star.
Slow stochastic confirms a rebound to oversold line.
Good opportunity for buy.
There are two possible entries.
Conservative:
- Place a buy stop just few pips above doji star high;
- Stop loss at low of previous week;
- Take profit with a risk/reward ratio above 1.5.
Aggressive:
- AMZN pre-market session is negative;
- Enter long at market open;
- Stop loss at low of previous week;
- Take profit with a risk/reward ratio above 1.5, better if 2.
ADVICE:
This idea is based on my researches, do your own study and don't invest based on this idea only.
If you like my scripts and ideas and find it usefull to you, please consider to offer me a coffee:
Donate 1$ or BTC equivalent at my blockchain wallet 1M4evumNsLBqrovYLpqATiQTLQZXUKZGYU&amount=0.00016041.
Thanks
Please use comment section for any feedback.
Slow stochastic confirms a rebound to oversold line.
Good opportunity for buy.
There are two possible entries.
Conservative:
- Place a buy stop just few pips above doji star high;
- Stop loss at low of previous week;
- Take profit with a risk/reward ratio above 1.5.
Aggressive:
- AMZN pre-market session is negative;
- Enter long at market open;
- Stop loss at low of previous week;
- Take profit with a risk/reward ratio above 1.5, better if 2.
ADVICE:
This idea is based on my researches, do your own study and don't invest based on this idea only.
If you like my scripts and ideas and find it usefull to you, please consider to offer me a coffee:
Donate 1$ or BTC equivalent at my blockchain wallet 1M4evumNsLBqrovYLpqATiQTLQZXUKZGYU&amount=0.00016041.
Thanks
Please use comment section for any feedback.
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