MichaelEugen1

AMZN is basing- don't get bearish yet!

Long
NASDAQ:AMZN   Amazon.com
Hey all, I'm noticing a lot of bases across the board now; I've been speculating for a significant bounce in October, I think all the makings are there for it to start in the first half of the month. Accordingly, here's my long idea on AMZN- I've already got a position that I'm now up negligibly on, but I think the long trade could never look better on this name than right now. If I'm a guessing man, I think AMZN easily makes it back up to 118 & 121, but I think it could very well get back up to 125 before eventually heading lower. Earnings may hold the key(Oct 27)
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