TRADING TIPS

AMZN is Almost a Buy Again

Hubert Senters here. Let’s take a look at Amazon. We almost have a buy signal on Amazon as you can see here that Amazon reached the high peak of about $1600 and then sold off into the cloud and is now trying to balance out. If we look at the 60 minute chart here which is what this is. You can see that Amazon is attempting to work its way into a 60 minute buy. So it hasn’t done it yet and the figure that you’ll be looking for on Amazon is a break above $1464 so $1464.39 just round out after $1465 if you want to. That will be a buy signal on a 60 minute Ichimoku which then will have at least three to five days of run. And then after that it could potentially run all the way back up here to $1560. So add Amazon to your watch list for potential longs this week. Good luck. Hope it helps. And I’ll see you on the next video. Hubert.

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