timwest

AMZN _ Short Breaking Lows

NASDAQ:AMZN   AMAZON COM INC
333 views
2
Amazon has my attention: I have labeled the "3RD LOW" since February on the chart to show you how to define when a strong up-trend is no longer in place. The entry technique with this method is to sell breaking the 3rd low with a stop over the high. However, that has already occured. The stop is now at 245 with that method, which is quite wide at roughly 4-5%. A second entry technique is to sell short on a new low following the break of the 3rd low and that occurs if AMZN breaks Friday's low. The first target is the obvious support zone labeled with a green circle around the $210 level. You can trail your stop to capture a large downtrend, but that is up to you.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com

Comments

AMZN hit the sell signal and the downside target on the same day.
Reply
Change "SELL UNDER $230 to SELL UNDER TODAY'S LOW" for Tuesday
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out