AMZN Possible Head & Shoulders

177 7 2
111% up YTD. lol.
Comment: Looks like i'll be licking my wounds here. Will be closing the puts if price strongly moves over the invalidation level or closes above/around EOD.
Trade closed manually: Doubled my position at open around 679.5 and and just now closed around 674.5. Still think it has downside potential, but i'm wrapping up for the holidays and i want to be flat during that period.
Comment: Looks like the major shoulder is a small H&S itself... I'm flat on this due to the holidays :(

+2 Reply
TomPip jangseohee
Can hit close to 1k realistically.

840-850, easily.
TomPip IvanLabrie
1k P/E you mean? lol
No, closer to 1000 value.
In short term perhaps you can get away with a retracement short.
Looks like i'm not the only one noticing this weakness. Max pain jumped to 647.50.
Dec 15 max pain opex is 645.
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