AMAZON Long

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Amazon has been bullishly consolidating for the past 2 months, underperforming against the other top companies in the tech sector. Now it has broken out and a break and close above 190 would confirm this breakout on Monday.

We are long on this asset and will long every retracement using the prior low as to place our stop loss below.

The targets are the all time 1.272 and 1.618 extensions which will be the minimum to target on this run
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So close to ATH - filled up on the retracement these past two days. Lets break and followthrough tomorrow for most confidence.
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Killing it, 200 could be a psychological level that acts as resistance initially, we will take 10-15% of our position at this level
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Took 15% of the position at 200. Let's see what next week has to offer
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A backtest of 188 would be nice to see. We are mostly out now but looking to re-enter.
amazonbreakoutChart PatternsLONGTrend Analysis

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