I decided to chart Google today. please feel free to share what Im doing right and wrong.
Today Amazon broken out of a important trend line. Im bearish on the stock due to the dominant down trending pattern. it also has created a ascending Triangle Pattern at level $94.79 being the top and bullish support developed at $92.29. Please share what do you think? Major support levels Im watching for a bounce NASDAQ:AMZN NASDAQ:AMZN...
I think Amazon is on a down trend. How ever I also think there are goin to me some major levels for bounces. I'm looking forward to purchase a OTM put option to catch the overall trend. and to take call options at major support levels to previous resistance.
Amazon is down trending im going to take a out of the put option and calloptions of bounces.
I think Amazon is going to continue down trending to a low level with major bounces in the market. NASDAQ:AMZN
Ill be taking a long options position on Aflac. At 70 strike price