taftrader

Licking wounds after losing JEDI??

NASDAQ:AMZN   Amazon.com
The tenkan has been respected for the past two weeks on the weekly chart. On the monthly we are already below the tenkan,which is an alert.I expect bearish momentum to start this week and continue into next month. The two targets i have laid out are my areas with price magnets that are likely to attract price.

Entry: Two small positions @ 1761
SL : 1828
TP1:1676
TP2: 1496

Manage your risk appropriately!!

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