NZDUSD Daily supply zones available to short
20th November 2016
Indian Stock Arvind: Monthly demand zone lower at 311.31
21st November 2016

Amazon US Nasdaq Stock is reacting to monthly and weekly demand imbalances. Weekly demand level is located at 720, monthly demand zone is located at 722. The bigger picture trend is bullish, monthly demand zones being respected, supply is being eliminated and printing all time highs. Weekly demand long already playing out, new longs can happen if new daily demand levels are formed on the way up. No reason to short in a clear uptrend.

amazon_demand_level

 

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

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