Watch out here with (Amazon) AMZN as support from the gap up two weeks ago has been violated as well as its steep current trend-line.
You have an exhuastion gap ready to play out here and in the worse case scenario a move back to $310 filling both gaps in October.
To say the least, you should best be looking at your exit plans for this stock.
Welcome to Swing Trading the Stock Market Podcast!
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Watching the dollars rise and fall in your trading account can turn a well-planned swing trade into an emotional, deeply personal decision. In this episode, I explain why focusing on price action, percentage returns, and R-multiples can help you avoid cutting winners early, holding losers too long, and abandoning your trading plan.
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