Riceinator
Long

AMZN Call Option (Version 2)

NASDAQ:AMZN   AMAZON COM INC
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.
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