AMZN has seen a retracement of 75-80% of the recent move up and this aggressive move down has come without any retracement.
Also we have the MA200 at 1750 where the stock had put a reversal back above the MA200.
We should see a decent move up on this stock as long as above the MA200 and expect this to reach 1927.
Any daily close below the MA 200 will get me out of this trade
Also we have the MA200 at 1750 where the stock had put a reversal back above the MA200.
We should see a decent move up on this stock as long as above the MA200 and expect this to reach 1927.
Any daily close below the MA 200 will get me out of this trade
