AMZN down roughly 37% from highs, yet still no hh on di- since 8h close @ 2704. (bull div)
Next cycle on HMA and DMI, both bully with 200hma on 2h and 4h either inside, or north of fluke earnings gap.
1d rt @ 2507, sustain that and 1d will bull x with price en route to wkly rt @ 2781.
POC on net vol:
a.) since Mar 29 drip @ 3105
b.) since ATH @ 3399
c.) since last time pa dipped below 2400 @ 3200
Mid range targets below 200 hma on 8h: 2616 and 2907. Both targets well within monthly atr (100% @ 2940) assuming 2370 monthly low. 3063 feasible only with 136% extension of monthly atr.
If you're not buying a damn near 40% dip on AMZN, what are you doing with your life.
value is in the range.
appreciate the risk.
Next cycle on HMA and DMI, both bully with 200hma on 2h and 4h either inside, or north of fluke earnings gap.
1d rt @ 2507, sustain that and 1d will bull x with price en route to wkly rt @ 2781.
POC on net vol:
a.) since Mar 29 drip @ 3105
b.) since ATH @ 3399
c.) since last time pa dipped below 2400 @ 3200
Mid range targets below 200 hma on 8h: 2616 and 2907. Both targets well within monthly atr (100% @ 2940) assuming 2370 monthly low. 3063 feasible only with 136% extension of monthly atr.
If you're not buying a damn near 40% dip on AMZN, what are you doing with your life.
value is in the range.
appreciate the risk.