AMZN; bounced off lower range with a potential inverted H&S

12 Mar 2021

AMZN has been in a range since last July. The doji/ hammer on 5 Mar confirmed the bounce up, and now is shaping a potential right shoulder on an inverted H&S.

Would like to see it correct to $3310-3330 for a better entry.

Target profit 1 is in the mid of the range with clear resistance at $3220 area.

Target profit 2 is the top of the range at $3400 area.

Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.

If you have any symbols that you'd like me to analyze, feel free to drop me a comment.

Thanks!

15 Mar 2021

Not

Let's see if AMZN will enter our buying zone tomorrow

16 Mar 2021

Emir iptal

Unfortunately it didn't enter our buying zone.

But if you're willing to hold for Target profit 2, then this might still be a good trade

19 Mar 2021

İşlem aktif

Price entered buy zone yesterday. Let's see if it will continue higher today

25 Mar 2021

Not

If price continue to head lower tomorrow, then i'll look to exit

5 Nis 2021

Not

Target profit 1 hit!

13 Nis 2021

İşlem kapandı: hedefe ulaştı

Good rally!
Target profit 2 hit!