hammadshahir
Short

$AMZN - Must Stay Above MA 200 if Bulls Want to Dominate

NASDAQ:AMZN   AMAZON.COM INC
Amazon is on the verge of breaking MA200 line and RSI and MACD are supporting it. I sold earlier CALL SPREAD 565/570. Amazon declined on Tuesday despite the fact overall technology sector was gaining. Market is healthy but AMZN             is declining today (as of now -1.3%)

Traders can enter PUTS or Sell Calls upon clear break of this important level (MA200 and 550sh level).

Good Luck!
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