Time for a bounce on Amazon. We look to Buy at 105.87 (stop at 100.99)
We look to Buy at 105.87 (stop at 100.99)
Preferred trade is to buy on dips. The reaction higher is positive and highlights a clear reversal. Previous support located at 100.00. Risk/reward is ample to call a buy trade.
Our profit targets will be 116.09 and 125.19
Resistance: 129.00 / 135.00 / 170.00
Support: 100.00 / 85.00 / 67.27
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