Amazon Inverse Head and Shoulders Breakout

By | July 11, 2014

One week ago, I mentioned the inverse head and shoulders basing pattern on the daily Amazon (AMZN) chart. Today the stock gapped higher and has broken neckline support. A close in upper candle range above resistance is a long entry point. Use a position size that accommodates a stop under the right shoulder.

41. RVT AMZN chart

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