Same idea as GOOGL. I’m strictly trading from the right side, especially under the current uncertain environment.
Amazon still has the potential to move lower for the gap fill. Until price starts showing signs of absorption and then confirms with momentum, I’m ditching the data from the left side and letting the new structure develop first.
One thing to notice is that AMZN has higher IV than GOOGL, which means the downside risk is greater if the market reacts poorly.
On the rotation side, both Amazon and Google are moving at a similar pace. If the market digests the rate decision well, we could enter a slower sideways environment, which may favor laggards like GOOGL and AMZN from a rotation perspective.
Just a reminder: more opportunities doesn’t mean you should take them all. Diversify based on rotation, not by owning different companies that are basically in the same boat.
Whichever one presents the higher-quality setup, that’s the one I’ll have my eyes on.
Amazon still has the potential to move lower for the gap fill. Until price starts showing signs of absorption and then confirms with momentum, I’m ditching the data from the left side and letting the new structure develop first.
One thing to notice is that AMZN has higher IV than GOOGL, which means the downside risk is greater if the market reacts poorly.
On the rotation side, both Amazon and Google are moving at a similar pace. If the market digests the rate decision well, we could enter a slower sideways environment, which may favor laggards like GOOGL and AMZN from a rotation perspective.
Just a reminder: more opportunities doesn’t mean you should take them all. Diversify based on rotation, not by owning different companies that are basically in the same boat.
Whichever one presents the higher-quality setup, that’s the one I’ll have my eyes on.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.