Entry Point: Our analysis suggests that a compelling entry point for Amazon's stock would be when its value tests the established trend line. This approach aligns with the concept of buying when the price is in close proximity to a confirmed trend line, indicating potential support and a possible reversal or continuation of the prevailing trend.
Stop Loss (SL): To manage risk effectively, we recommend setting a Stop Loss (SL) level at 2 percent below the entry point. This provides a safety net to limit potential losses in case the market moves against our trade. By capping the downside risk, this strategy aims to safeguard your investment.
Take Profit (TP): To maintain a balanced risk-reward ratio, our analysis suggests setting a Take Profit (TP) level at 2 percent above the entry point. This represents the potential reward you could capture if the trade unfolds in your favor. By targeting this percentage, you ensure that your potential gains outweigh the potential losses, promoting a favorable risk-reward profile.
Stop Loss (SL): To manage risk effectively, we recommend setting a Stop Loss (SL) level at 2 percent below the entry point. This provides a safety net to limit potential losses in case the market moves against our trade. By capping the downside risk, this strategy aims to safeguard your investment.
Take Profit (TP): To maintain a balanced risk-reward ratio, our analysis suggests setting a Take Profit (TP) level at 2 percent above the entry point. This represents the potential reward you could capture if the trade unfolds in your favor. By targeting this percentage, you ensure that your potential gains outweigh the potential losses, promoting a favorable risk-reward profile.