bertolinitrading

Stuck in a range, Bollinger Bands narrow

NASDAQ:AMZN   AMAZON.COM INC
Still range bound for now. This is what is needs to go higher:

AMZN             is still range bound in this pennant/triangle until there is a close above $436.90 (MAY 21st high) or $439 (MAY 11th high) before it can breakout and test that $452 all-time high.

Buying a June expiry 440/450 Call debit spread for $2.00 or lower would be a nice 1:4 risk:reward scenario. And you risk the debit paid if it never gets up there. 22 days until expiry from today gives it time to play out. The MACD is drifting lower.

The narrow BB indicates a bigger move is likely but it could also fill the gap lower around the $396 area. It would have to blow through the $414.55 low on May 6th to do that. Path of least resistance is higher.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out