On my previous watchlist I was looking for AMZN to pull back but then pick up some momentum, I had the pullback part right, of the two price points I mentioned $1866.01 and 1853.66, we pulled back deep to 1853.66 area.
I'm still bullish on the daily timeframe and find this area to be decent risk reward if we catch a bid here at $1854 area. Look at the chart history price has turned around multiple times at this price in recent history.
Watching 1866.54, 1874.47, 1885.59 and 1894.31.
If we lose this support level we can easily find our way to 1847.44-1842 levels. After that I'm watching 1832.23 which is my last stop for my bullish sentiment. We start closing below that and we can see a major drop.
I'm still bullish on the daily timeframe and find this area to be decent risk reward if we catch a bid here at $1854 area. Look at the chart history price has turned around multiple times at this price in recent history.
Watching 1866.54, 1874.47, 1885.59 and 1894.31.
If we lose this support level we can easily find our way to 1847.44-1842 levels. After that I'm watching 1832.23 which is my last stop for my bullish sentiment. We start closing below that and we can see a major drop.
