The formation of a reversal on the day time frame. The Head and Shoulders Pattern + on the line graph for weekly reversal 1700$
1. Buy breakdown 1700$, stop 1,5%, TP1 1780$ (5%) and TP2 1990$ (18%)
2. Buy now 1680$, stop 1658 (1%), TP1 1780$ (6%) and TP2 1990$ (20%)
Impending down move from descending resistance ¼ angle may take the stock to a level of 1500 by the middle of December. If the resistance is crossed convincingly, we may see a level of 1866 and 1909 by mid January 2019.
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
Expect the snail race is still on , it will likely move up as per forecast and then drop slowly , but one thing is for sure , Market is not ready to come down easy , That means its Going to Go up this year making new higher high
-Ascending triangle pattern.
-Stock broke above the resistance on huge volume (based on 1 min chart).
-Bollinger Band coiling up nicely. A rapid move higher may be on the cards.
-A close above 1,617 should see the stock soar.
Not an investment advice. Do your own due diligence.
