For the second time our eyes and hopes are turned on Amazon. Replenish the account with your trading broker and prepare to reap the benefits in the form of profit. You probably know that the creator of the company took the second place in the ranking of the world's richest people. And his company helped him to reach such heights. The earnings per share today is 4.9, before the opening of trading, everyone expects a rise in the share price. Over the past year, the company's shares were able to add 50% to its price and it seems to us that this is far from the limit. The company is preparing to invest in innovations, in any case not to lose market share won by such labor. But with our recommendations, you can confidently swim inside and earn in the Forex market. The stock chart shows an accelerated growing trend with a very strong momentum. The price passed all obstacles and just flew up. This time, we set a take profit level at a flat price of 900, which itself will serve as a resistance for the further growth of the asset, just because of an even number. Also, not every trading instrument traded on the forex and stock market can provide about 1000 points. Such a volatile movement can multiply your account in a couple of days with a forex broker. Our goal of 1000 points, relative to the price change for the last 5 days, is only less than 20% of this growing trend. Therefore, there is a high probability that we will be able to earn money by changing the quotes of this company.
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: 890.30
• The level of profit and close the position: 900.00 (970 pips)
Forex currency pair EURUSD
Possible bearish movement in the breakdown of the support level 1.0650
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2430
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0030
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 111.00
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