TRADING TIPS

AMZN: When and Where to Buy it on a Pullback

Hubert Senters here. Let’s take a look at Amazon, AMZN. It is close below both the turning line which is the yellow line on your chart here. And also the standard line so 9 period midpoint average 26 point midpoint average. This is the cloud so it acts like it wants to go down here and visit the cloud. So obviously Amazon is in a massive uptrend. We want a bite on a pullback but where’s that pullback? So one thing I would do is if we don’t get to the cloud when do I know when to buy this thing out here in the middle of nowhere. Well, what I’ll use is I’ll use a 60 minute time frame. I’m bringing it in here as soon as I get a 60 minute buy signal even if I’m not touching the cloud I can then go long. But what I’d like to see happen is for Amazon to drift down here to about $1,850 so that I can pick it up. I will still use either a 10 minute time frame on an entry on a long or a 60 minute to time it better so that I have less likelihood of getting stopped out and maybe have a potential profitable trade. So that’s what I’m looking for on Amazon. I’ll be hosting The Insider Trading Summit, ‘’See How You Can Potentially Reap Huge Profits Following Insider’s Trade’’ with Ross Givens tonight, September 18th at 7PM EST. If you’re not registered, go ahead and do so, fill in the information here, first name, last name, email address, telephone number. Heads up, GotoWebinar only holds a thousand people. I can’t do anything about that. Once it hits a thousand people it will start locking people out now if you log out and log back in. They probably won’t let you in. So we’ll try to open up GotoWebinar about 15 minutes early and hopefully you’ll be able to log in and get a seat. Good luck. Hope it helps. And I’ll see you on the next video. Hubert

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