It is the gift till continues to give. We tagged 1360 on Amzn. I f we get a move up in the markets then AMZN could run likely to the 1409 -1447 area. IF ti can get above the 1447 area then the 1490 -1520 area comes into play. Technically it could rally to 1695 and still keep this down trend. IF you are nimble a counter trend trade could be possible. IF you are looking to short, I woud wait for higher prices..
Comment:
We touched the 1300 mark and had a reactionary move up.. I think in the VST AMZN as could be a good opportunity for a long. I guess the 165-70 target is now coming into play. an extn as well as long term trend line.I do believe the 970 -980 area will be reached before this is done.