AMAZON $1569/$1600 by next week

18 באוק׳ 2018

Amazon has a Double top pattern with bearish divergence at all time high, It did broke the neckline (1902$) and it's currently doing a retest of it, short entry values are $1869 and $1902, with stop loss at $1954 it will take 2 or 3 days, before it starts retracing sharply to its next support zone $1569/$1600 this should be Next week, will probably reach the targets between oct 17 and oct 19

25 באוק׳ 2018

הערה

Currently shows 1 day bullish divergence and we can expect a rebound to the B area followed by a rejection and next target will be the C zone, this idea will invalidate if the price goes above $1902 in this bullish move, which is very unlikely.