{"id":2978,"date":"2013-08-26T03:46:09","date_gmt":"2013-08-26T07:46:09","guid":{"rendered":"http:\/\/www.morpheustrading.com\/blog\/?p=2978"},"modified":"2022-04-06T15:00:37","modified_gmt":"2022-04-06T19:00:37","slug":"amazon-amzn-pullback-buy","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/amazon-amzn-pullback-buy\/","title":{"rendered":"Potential Pullback Buy Entry In Amazon.com Stock ($AMZN)"},"content":{"rendered":"<p><a href=\"https:\/\/www.amazon.com\/b?_encoding=UTF8&amp;camp=1789&amp;creative=9325&amp;linkCode=ur2&amp;node=172282&amp;site-redirect=&amp;tag=morptradgrou-20\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft  wp-image-2979\" alt=\"Amazon logo\" src=\"https:\/\/www.morpheustrading.com\/blog\/wp-content\/uploads\/2013\/08\/amzn.jpg\" width=\"135\" height=\"135\" title=\"\" srcset=\"https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2013\/08\/amzn-110x110.jpg 110w, https:\/\/morpheustrading.com\/blog\/wp-content\/uploads\/2013\/08\/amzn-120x120.jpg 120w\" sizes=\"auto, (max-width: 135px) 100vw, 135px\" \/><\/a>In an uptrending market, the two main types of technical setups we buy for swing trading leading individual stocks are <a title=\"Top 5 Qualities Of The Best Stock Breakouts\" href=\"https:\/\/www.morpheustrading.com\/blog\/top-5-qualities-stock-breakouts\/\" target=\"_blank\" rel=\"noopener\"><em>Breakouts<\/em><\/a> and <em>Pullbacks.<\/em><\/p>\n<p>Over the past four weeks, Internet giant <a href=\"https:\/\/www.amazon.com\/gp\/search?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;index=books&amp;keywords=stock%20trading&amp;linkCode=ur2&amp;tag=morptradgrou-20\" target=\"_blank\" rel=\"noopener\"><strong>Amazon.com ($AMZN)<\/strong><\/a><img loading=\"lazy\" decoding=\"async\" style=\"border: none !important; margin: 0px !important;\" alt=\"\" src=\"https:\/\/ir-na.amazon-adsystem.com\/e\/ir?t=morptradgrou-20&amp;l=ur2&amp;o=1\" width=\"1\" height=\"1\" border=\"0\" title=\"\"> has been in pullback mode and may soon provide a low-risk buy entry with a positive reward-risk ratio.<\/p>\n<p>Because $AMZN has retraced just 9% from its July 2013 peak down to its August low, the daily chart still looks healthy. Furthermore, $AMZN continues to look great on its longer-term weekly and monthly charts.<\/p>\n<p>In the 3-minute trading strategy video below, we briefly analyze the daily, weekly, and monthly charts of $AMZN. We conclude the video by showing you the ideal price level where a swing trader might consider buying $AMZN on this pullback.<\/p>\n<p>For best viewing quality, press the &#8220;play&#8221; button, then click the icon on bottom right side of video player window to watch the video in full screen HD mode:<\/p>\n<p><iframe loading=\"lazy\" src=\"\/\/www.youtube.com\/embed\/9oVjwSTTitQ?list=UUCW0mLgUXfngaqSJMOmbBAA\" height=\"360\" width=\"640\" allowfullscreen=\"\" frameborder=\"0\"><\/iframe><\/p>\n<p><em><\/em>To learn more details about our trading strategy for buying strong stocks on a pullback, check out the former blog post titled\u00a0<em><a title=\"Educational trading strategy article\" href=\"https:\/\/www.morpheustrading.com\/blog\/how-buy-strong-stocks-etfs-pullback\/\" target=\"_blank\" rel=\"noopener\">How To Buy Strong Stocks And ETFs On A Pullback<\/a>.<\/em><\/p>\n<p>Conclude by taking a quick look at\u00a0<em><a title=\"Trading Strategy Video\" href=\"https:\/\/www.morpheustrading.com\/blog\/how-to-scan-pullback\/\" target=\"_blank\" rel=\"noopener\">How To Quickly Scan For Swing Trade Pullbacks<\/a><\/em>, a trading strategy video that shows you a quick and easy way to pick the best stocks on a pullback.<\/p>\n<p style=\"text-align: center;\"><em>If you enjoyed this video, please drop us a comment below and share with your favorite social media network.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an uptrending market, the two main types of technical setups we buy for swing trading leading individual stocks are Breakouts and Pullbacks. Over the past four weeks, Internet giant Amazon.com ($AMZN) has been in pullback mode and may soon provide a low-risk buy entry with a positive reward-risk ratio. Because $AMZN has retraced just [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":["post-2978","post","type-post","status-publish","format-standard","hentry","category-stock-trading-strategy"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/2978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=2978"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/2978\/revisions"}],"predecessor-version":[{"id":10750,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/2978\/revisions\/10750"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=2978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=2978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=2978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}