Amazon: This Support Level is Better. We look to Buy at 3301.00 (stop at 3121.00)
Amazon - Short Term - We look to Buy at 3301.00 (stop at 3121.00)
Trading within a Bullish Channel formation. Previous support located at 3200.00. Previous resistance located at 3800.00. A bullishhammer has been posted as prices reject the lower levels. We continue to expect further losses to be limited and look to set longs for a further drive higher within the channel.
Our profit targets will be 3737.00 and 3900.00
Resistance: 3500.00 / 3800.00 / 4000.00
Support: 3200.00 / 3000.00 / 2900.00
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