AMZN is breaking up for a +82% potential gain.
A clear Head and Shoulder (H&S) figure, seen on a weekly chart, shows a possible move from 146$ to 266$.
It should be good to wait to a bit to make sure that the breakup is better engaged. And, that is not case right now.
So, for now, we need just to place one alarm over this situation at 152.00 and another one lower at 137.00, just at the coincidence of the moving averages of 18-21-200 week periods. So, waiting the triggering of one of these alarms would be prudent, before taking action to go Long.
Have good trading time,
WynTrader
A clear Head and Shoulder (H&S) figure, seen on a weekly chart, shows a possible move from 146$ to 266$.
It should be good to wait to a bit to make sure that the breakup is better engaged. And, that is not case right now.
So, for now, we need just to place one alarm over this situation at 152.00 and another one lower at 137.00, just at the coincidence of the moving averages of 18-21-200 week periods. So, waiting the triggering of one of these alarms would be prudent, before taking action to go Long.
Have good trading time,
WynTrader
Trade active:
As our Long trade has not yet been triggered, "Waiting" is, for the moment, the best to do, even if is is doing nothing...
During this time take a look at the alarm under the price that is positioned at the joint of the weekly Ma-18 (red) and the Ma200 (orange)... a good support to take care of, if it eveer goes there.
Hummm.... ?
During this time take a look at the alarm under the price that is positioned at the joint of the weekly Ma-18 (red) and the Ma200 (orange)... a good support to take care of, if it eveer goes there.
Hummm.... ?
Trade active:
As the alert over this Inverse H&S (Head and Shoulders) has been triggered, a Buy is now engaged.
The target Lmt is placed at +44%, equal to the distance between le Head and the Neckline.
And a stop is set just under a support created at the joint a two moving averages, Ma18 (red) and Ma200 (orange).
Now... just wait, maybe a certain time, as this chart is based on weekly periods.
Have a good time,
WynTrader
The target Lmt is placed at +44%, equal to the distance between le Head and the Neckline.
And a stop is set just under a support created at the joint a two moving averages, Ma18 (red) and Ma200 (orange).
Now... just wait, maybe a certain time, as this chart is based on weekly periods.
Have a good time,
WynTrader
Trade active:
Hi everyone
This Long trade on AMZN started at 149.04 is slowly going up, as followed on a weekly chart.
We elevate the Stop to 136.42 (-8.5%), just under the Ma18 and Ma200 weeks that have moved up a little bit.
A pause-Target at 186.32 (+25%), should be encountered on previous resistances installed in July and November 2021.
Have a good time...
WynTrader
This Long trade on AMZN started at 149.04 is slowly going up, as followed on a weekly chart.
We elevate the Stop to 136.42 (-8.5%), just under the Ma18 and Ma200 weeks that have moved up a little bit.
A pause-Target at 186.32 (+25%), should be encountered on previous resistances installed in July and November 2021.
Have a good time...
WynTrader
Wyn-Trader
Remember that our trade is based on a weekly chart.
As I said before, " A pause-Target at 186.32 (+25%), should be encountered on previous resistances installed in July and November 2021 ", and we are around it right now.
So I have closed Half of the positions at 184.69, for a nice +23.8%.
If evidence happened, or we are on the mood to do so..., we may buy again some positions of AMZN.
The Target at 200.00 is maintained as the H&S Target as presented on the first chart of this serie.
Have a good time...
WynTrader