Amazon stocks are still taking off and haven't peaked

  • Jun 18 2021
  • by
  • Analyst AZA
Amazon stocks are still taking off and haven't peaked

Amazon stocks are still taking off and haven't peaked

Amazon shares are up very strongly but have not yet reached their all-time high. At the end of the trading session, the quotes closed near a strong resistance level and it seems that the price is preparing for another jump. After the opening of the trading session, the mood of traders will be immediately clear, and if it remains bullish, the price will overcome this resistance level and rush up. These stocks have amazing earning potential. To open an order with a volume of 100 shares, it is enough to have 700 USD on the account, but you can earn 4000 USD in this deal, which is almost 7 times more than the initial investment. The MACD indicator is above zero levels and shows steady growth in all time frames. The price moves above 200 simple moving average on all time frames, which shows us an uptrend without a shadow of a doubt. Take profit can be placed at 3540, which is slightly below the all-time high for these shares.

Symbol: AMAZON
Order Type: Pending Order - Buy Stop
Entry Price at 3500.00
Take Profit at 3540.00
Pips Earning: 4000

The profit can be $4000.00 if the trading volume of 100 Shares.

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