Tips for shares traders.
This year, the company Amazon will turn 23 years old. What are the company achievements? Just become the world's largest online seller of goods of mass demand. The company is always looking one step ahead of competitors - delivers the goods with the help of drones, is preparing for the opening of shops unmanned, patents flying warehouses - airships. Today, the company began to think about shopping in virtual reality - through the LinkedIn network it is searching for a creative director for this division. Virtual Assistant - Alexa, developed by the company, too, is in great demand. During holydays, the company's sales have increased by several times, which also reflected in its stock price. Everything indicates that the price of shares will surely rise and we should buy.
At the graph of stock price movements over the past few days one can see some strong and powerful jerks up. After strong growth in the last few days, the price stood still, but could not fall below the minimum of the day, when it has grown considerably. Yesterday, shares steadily went up again and overcome the maximum of that day, when the price was sideways. Thus, it can be assumed that the stocks have investors who put money back into the company. We put our level of profit-taking not far from the historical maximum value of the company on the stock market. Our target is 1800 points !!! Just think about those investment opportunities offered by the investment in the stock! These price movements are not common, and it can be assumed as the winning ticket for any trader looking for good profit in the stock market. Therefore, we are determined to buy these shares once the price will cross the level of 822 dollars per share.
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 822.00
• The level of profit and close the position: 840.00 (1800 pips)
Possible bullish movement in the breakout of the resistance level 1220
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.2550
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9950
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 112.50
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