With technology being the clear leader in this market, and quarterly earnings just a few weeks away, it’s time to look for high-probability setups in the leading names. We want to focus on names that are trading near the buy zone, as opposed to extended at 2-3+ average true range (ATR) levels.
One of the names we are choosing to place extra focus on is AMZN. This is showing a beautiful weekly squeeze along with a series of lower time frames setting up on a key level of support. We are looking to place a trade for a move into brand new all-time highs over the next three to four weeks.
Last quarter this same setup in AMZN resulted in our biggest trade of the year, so we’re hoping it performs in a similar fashion this time around. Watch the video below for other tickers where we can make moves.
Stay Focused!