I posted an idea before on amzn and it didn't work and this might not work too. But I think the level has come here and don't be buyer here.
After locking a new ATH stock needs some correction to refuel to further continue the journey. One can short once the trend line is broken for the support levels as the targets with the strict stop loss.
If sustains and close above 3084 tehn 3200+ very much possible.... Levels on charts..
Right at the tip of Ascending Triangle.
CMP 1874.97 Bullish above 1903 Amazon (My recommended Point). Till 1854 accumulation level for Early birds with CMP. SL 1830 Close Base Target : 1974, 2036, 2122+ Risk is yours and Reward is too yours.
SELL AMAZON AT CMP 1545-50 RANGE SL 1570 ABOVE ON CLOSE WITH AND TGT AT THE LOWER END OF THE BOX I.E 1280 NEAR
i see the stock may extreme pressure in coming days !! even 20$ cant be ruled out
i see the stock shall see levels of 20 $ in couple of days , .. its very weak as per charts .
As You Know AMZN Falling very fast and trying to reached on support level Around 1600. then we have a great opportunity for long Buy Position Between 1600-1620 and take profit 2000. Becoz As You know AMAZON is a Biggest and Fastest Growing Company in the World.. Let c ..... Stay Tuned.....!! Learn Here , Earn EveryWhere