$AMZN
Trade Setup For Amazon(Long):
Entry = $205
Amazon is currently around 20% down from its all-time high. This presents the opportunity to buy the dip in one of the strongest company in the world.
Stop Loss = $190
$190 is the major support level. A daily close below this could further push the price towards $170.
Take Profit 1 = $230
There is a resistance near 200-day moving average.
Take Profit 2 = $240
This was the pre-crash consolidation zone
Take Profit 3 = $250
This is a major psychological resistance and near all-time high.
This is my personal opinion, not financial advice.
#amazon #longpositions