Many are placing bets that Amazon.com will not touch a new all-time high. Bets are not for me, instead I’m looking for the best risk-to-income ratio. The indicator is presently inadmissible for bearish trading and to trade in a bullish manner it is necessary to wait for the stock to reach the 2009 support level (around USD 320) or to set a new high. It’s a scary thing to buy at the breakout level, but the fear is reduced by the moderate size of a position and the clear understanding of the target. In our case, the target is around USD 480 (the Fibonacci retracement level of 161.8%).
Like my overview? Don’t hesitate to vote s30037364671.whotrad...om/blog/43415293766. Don’t like it? Then go and compete with me in the best market forecaster contest.
Like my overview? Don’t hesitate to vote s30037364671.whotrad...om/blog/43415293766. Don’t like it? Then go and compete with me in the best market forecaster contest.