Swing_Trade_Charts

AMZN closes outside channel

BATS:AMZN   Amazon.com
Amazon has been trading in the same bullish channel since March of this year. Today it closed just outside of it, however 135 is a good level of support as it goes back to March of 2022. If it fails next level is 130. HMA and stochastic is bearish, but is entering oversold territory. Tomorrows candle will be a good indication of short term trend.
Last Friday I opened a short postilion (145 puts). Closed on Tuesday for 40% and 60% profits.
Back in channel, bullish.
Trades outside channel, bearish.

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