I'm long the amazon calls (February), which is in good profit. this was a clean breakout, and the possible target of 983 area is still in place.
if you'd be trading this from the stock himself, a stop loss of 759-760 would be smart, with a take profit 980-983 area.
do not forget that these kind of patterns may re-test the neckline. so a pullback to 780 area, should not surprise anybody...
if you'd be trading this from the stock himself, a stop loss of 759-760 would be smart, with a take profit 980-983 area.
do not forget that these kind of patterns may re-test the neckline. so a pullback to 780 area, should not surprise anybody...
Trade active:
I believe that a continuation pattern may be taking shape. my forecast might definitely may be wrong, but I believe we're having back to back inside days, which if broken to the upside would build serious momentum to the upside.
you can adjust your stops to 798 area if you'd like to be aggressive.
do not forget that there may be test of the previous trend line.
you can adjust your stops to 798 area if you'd like to be aggressive.
do not forget that there may be test of the previous trend line.