$AMZN soars as it gets closer to its upcoming reverse split day. Although, its been a rough few weeks in the market, AMZN managed to shine in the last few days as retail investors patiently waited for its reverse split and the possibility of buying some Amazon stocks to add to their portfolio.
in my personal opinion or scenario. AMZN will be the be the hot stocks to play tomorrow and the coming days and months. with the price going back to below $200, the possibility of volume will triple compared to the last time.
i remember when $TSLA and $AAPL did their rever split the stock rallies in few days before it pulls back.
Keep in mind that the economic report is coming this week, so the possibility of the AMZN pulling back will be defending of this week's economic calendar and prices action.
For scalp or day trade moves.
For calls; buy above 126.95 and sell at 135.20 or above
For puts, buy below 121.46 and sell at 118.23 or below
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Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel.
in my personal opinion or scenario. AMZN will be the be the hot stocks to play tomorrow and the coming days and months. with the price going back to below $200, the possibility of volume will triple compared to the last time.
i remember when $TSLA and $AAPL did their rever split the stock rallies in few days before it pulls back.
Keep in mind that the economic report is coming this week, so the possibility of the AMZN pulling back will be defending of this week's economic calendar and prices action.
For scalp or day trade moves.
For calls; buy above 126.95 and sell at 135.20 or above
For puts, buy below 121.46 and sell at 118.23 or below
============================================================
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel.
Comment:
Just for the correction is not a reverse split. its a split. also congrats if you able to catch the move at 126 dont forget to book profits here or continue to hold before big economic data for this week. ttyl. ✌️