Handling the Amazon Pullback
Amazon (AMZN) has seen a healthy pullback recently, so here's the question: Is this a buying opportunity, or is a more important high now in place for the stock?
The good news is that we don't need to know the answer to that question in order to potentially profit from a trade in this stock. All we need is a trade setup, followed by a trigger that tells us it's worth placing an educated bet on the buy side. Let's talk about two trade-setup zones that I am currently stalking in Amazon. If this is a buying opportunity, ideally I'll want to see the price hold somewhere above the Nov. 15 low on a pullback. Those two zones both come in above that prior low....439 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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