Entering NASDAQ:AMZN on the weekly pivot at 1450 is a gift that keeps on giving. We're seeing market oversold levels worse than the 2008-2009 crash. The market is the most oversold it's been in 10 years and Amazon is sitting on a weekly pivot...you do the math. Will ride at least back up to the top of it's multi month range at 1800.
$1525-$1550 is Max Bounce Target. Don't loose Money. Follow the trend. Trend is Down. Buy calls for a short term bounces. Puts all the way down to $935
It's also still at an 80 PE and the US economy is facing QT and a debt crisis. Their business model is very dependent on the overall economy. Department stores in bear markets get slaughtered. Would be careful TA isn't everything.
avka81
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@youngshkreli, $1525-$1550 is Max Bounce Target. Don't loose Money. Follow the trend. Trend is Down. Buy calls for a short term bounces. Puts all the way down to $935