We have an interesting setup with only 3.65% downside, but with a potential 23.02% upside based on my 'Time at Mode' analysis of this ratio chart.
Fundamentals for AMZN are good in the long term, it has been a relatively strong company, and has many interesting future developments ahead (like the introduction of drone delivery of goods, ocean freights from China, to name a few).
Many would consider it to be overvalued, but I think it offers a good technical and fundamental setup here, pitted against Alibaba.
The idea is to go long AMZN and short BABA, adjusting the position size based on volatility.
I won't delve much into the specifics of position sizing but it's of paramount importance for this type of trade.
If we risk 1%, we can make 6.3% in this trade, and it's an intermediate to long term trade.
Good luck if taking it with me.
Cheers,
Ivan Labrie.
Fundamentals for AMZN are good in the long term, it has been a relatively strong company, and has many interesting future developments ahead (like the introduction of drone delivery of goods, ocean freights from China, to name a few).
Many would consider it to be overvalued, but I think it offers a good technical and fundamental setup here, pitted against Alibaba.
The idea is to go long AMZN and short BABA, adjusting the position size based on volatility.
I won't delve much into the specifics of position sizing but it's of paramount importance for this type of trade.
If we risk 1%, we can make 6.3% in this trade, and it's an intermediate to long term trade.
Good luck if taking it with me.
Cheers,
Ivan Labrie.
액티브 트레이드
노트
Working!노트
Excellent progress this week.노트
We were close to target recently with amzn's rally...that was a good exit. Now I'm on the fence with this one.
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.