Amazon’s Next BIG Move: Can It Bounce to $207 from Key Support?
If Amazon holds strong at $194.31, it could be setting up for a run to $207.30. This level is both a potential target and a great take-profit zone if the bounce holds. Let’s break down what to watch for as this setup unfolds!"
Trade Setup Details:
Support Level at $194.31
Right now, $194.31 is acting as a solid foundation. If Amazon finds buyer interest here, it could kick off a new upward move.
Target Zone: $207.30
If the support holds, $207.30 is the next target. This level is likely to see some selling pressure, making it an ideal area for profit-taking on a successful bounce.
Beginner Tip
Keep an eye on how Amazon reacts around $194.31. Look for strong buying signals (like a bullish candle) before entering, and consider setting your take-profit level around $207.30 to capture gains if the bounce holds.
Happy Trading
Kris/ Mindbloome Trading
Mindbloome Exchange
Trade Setup Details:
Support Level at $194.31
Right now, $194.31 is acting as a solid foundation. If Amazon finds buyer interest here, it could kick off a new upward move.
Target Zone: $207.30
If the support holds, $207.30 is the next target. This level is likely to see some selling pressure, making it an ideal area for profit-taking on a successful bounce.
Beginner Tip
Keep an eye on how Amazon reacts around $194.31. Look for strong buying signals (like a bullish candle) before entering, and consider setting your take-profit level around $207.30 to capture gains if the bounce holds.
Happy Trading
Kris/ Mindbloome Trading
Mindbloome Exchange
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.