We have an interesting setup with only 3.65% downside, but with a potential 23.02% upside based on my 'Time at Mode' analysis of this ratio chart.
Fundamentals for AMZN are good in the long term, it has been a relatively strong company, and has many interesting future developments ahead (like the introduction of drone delivery of goods, ocean freights from China, to name a few).
Many would consider it to be overvalued, but I think it offers a good technical and fundamental setup here, pitted against Alibaba.
The idea is to go long AMZN and short BABA, adjusting the position size based on volatility.
I won't delve much into the specifics of position sizing but it's of paramount importance for this type of trade.
If we risk 1%, we can make 6.3% in this trade, and it's an intermediate to long term trade.
Good luck if taking it with me.
Cheers,
Ivan Labrie.
Fundamentals for AMZN are good in the long term, it has been a relatively strong company, and has many interesting future developments ahead (like the introduction of drone delivery of goods, ocean freights from China, to name a few).
Many would consider it to be overvalued, but I think it offers a good technical and fundamental setup here, pitted against Alibaba.
The idea is to go long AMZN and short BABA, adjusting the position size based on volatility.
I won't delve much into the specifics of position sizing but it's of paramount importance for this type of trade.
If we risk 1%, we can make 6.3% in this trade, and it's an intermediate to long term trade.
Good luck if taking it with me.
Cheers,
Ivan Labrie.
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Working!
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Excellent progress this week.
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We were close to target recently with amzn's rally...that was a good exit. Now I'm on the fence with this one.
