AMZN just hit covid lows last week and bounced. RSI and MACD are doing positive divergence while price went negative.
Best stop loss would be any close below 81.3
Best stop loss would be any close below 81.3
Trade active:
AMZN positioned from Friday is up 3%+
as we are well above the next support $86, update the SL as any daily candle close below $86. OR keeping the same 81.3 as SL and take partial profits on 20-25% position. this way you do not lose on the whole position.
as we are well above the next support $86, update the SL as any daily candle close below $86. OR keeping the same 81.3 as SL and take partial profits on 20-25% position. this way you do not lose on the whole position.
Comment:
AMZN ripping
Comment:
up 8.5% from last week entry. holding only 25% and sold the rest at 93.5
Comment:
CPI tomorrow. keep the risk lower
Trade closed: target reached
i will add back when 90 area is cleared and retested