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Amazon (AMZN) - Edition #1

Amazon (AMZN) - Edition #1 - Read the full update on Zelf Trade.

LR Guizado•
Amazon (AMZN) - Edition #1 technical analysis chart on Zelf Trade

Amazon (AMZN) - Edition #1

Macro Outlook: 🚀 Bullish 🚀
  • June's monthly chart closed above previous all time high.
  • This type of candle closes on a higher timeframe like the monthly charts, show lots of strength and possible continuation to the upside.
What to expect for Monday's open?
  • Ideal long entries will be at around $180 - $170.
  • Invalidation of trade upon price sweeping below $160.
  • Markets are irrational, keep in mind price might just keep moving upwards before making a substancial retrace.
  • Making a small market buy at Monday's open price might be smart.
  • Remember to dollar cost average your way in and keep powder at hand.
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BATS:AMZN Chart Image by ZelfTrade
TradingView
](https://www.tradingview.com/x/EWVTE1qa/?ref=zelf.trade)
Disclaimer: This content was originally published on Zelf Trade.
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