AMZN Trading Analysis

Long Positions:
Initiate long positions at three key support levels:

Buy at 228 with a profit target of 232.
Buy at 223 with a profit target of 235.
Buy at 213 with a profit target of 241.
Strategy Overview:
This approach is designed to capture an upward move by entering at progressively lower support levels and setting corresponding profit targets as resistance levels. The staggered entry allows for averaging the entry price and optimizing the exit points.

Risk Management:
Implementing proper stop loss levels is essential to manage potential risks effectively. Adjust position sizes in line with market volatility and your personal risk tolerance to minimize losses.

Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Trading in financial markets involves risks and may result in losses. It is recommended to conduct your own analysis and consult with a financial advisor before making any investment decisions.