Recently, I just sold my call options for AMZN
for a profit, right before the drop
in price on Friday. Looking at AMZN
now though, I think that it is a good time to buy into AMZN
and go long. It already appears to show some upward momentum, and volume
seems to be increasing in a positive direction. However, I would probably wait until the MACD
line crosses over or is close to crossing the signal line. I think that the drops on Friday were a big overreaction, although, we will have to see how the markets do on Monday. My prediction is that it will be a green day, unless something happens later.