Amazon.comLong
Amazon beats forecasts as first-quarter revenue tops $29bn
The former Resistance Zone located at 600$ turned into a support zone. Amazon hitted exactly this niveau before the news were publicated.
With these good news, we will perhaps see the end of the latest consolidation and a run to new Highs.
On its way up, two resistance zones stand in the way.
1 Resistance Level = 625$ , These are the former shortterm-Highs
2. Resiatance Level 2: 637$, the last Peak
Long Setup:
Anticyclical: Entry at the present Niveau with SL near below the sma 200
Cyclical: StoppBuy @ 628$ with SL 615$ and TP1= 637$ / TP2 664$
For the Long Term, The ATH can be aimed.
Short Setup: Stoppsell below the SMA 200 with SL near above the SMA 200 and TP 550$
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Good luck
With these good news, we will perhaps see the end of the latest consolidation and a run to new Highs.
On its way up, two resistance zones stand in the way.
1 Resistance Level = 625$ , These are the former shortterm-Highs
2. Resiatance Level 2: 637$, the last Peak
Long Setup:
Anticyclical: Entry at the present Niveau with SL near below the sma 200
Cyclical: StoppBuy @ 628$ with SL 615$ and TP1= 637$ / TP2 664$
For the Long Term, The ATH can be aimed.
Short Setup: Stoppsell below the SMA 200 with SL near above the SMA 200 and TP 550$
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Good luck
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