$AMZN drops significantly after missing the ER a few weeks ago and it gets worse with the market pulling back, taking the amazon down below the 100MA. based on technical indicators; Amazon is in the oversold position and its almost safe to say its a buying opportunity for everyone. especially with the upcoming split in few days. the split will probably draw some attention to investors causing the stock to squeeze to push up. The squeeze to push even higher for the high of the day could be significant as the market attempts to bounce back after 5 days in a row being green, which might have created a bullish sentiment. now, in my bearish opinion based on technical indicators. AMZN is still looking bearish. the stock currently trending below the 100MA, indicating that the stock is still below the bullish side and might take a while to bounce above the bullish momentum. With that being said. here's my possible entry for momentum play or scalp play.
For scalp or day trade moves.
For calls; buy above 2320.46 and sell at 2380.46 or above
For puts, buy below 2291.82 and sell at 2274.46 or below
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if you swing calls, your next target is 2444.41
if you swing puts your next sell target is.. 2243.0
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel.
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For scalp or day trade moves.
For calls; buy above 2320.46 and sell at 2380.46 or above
For puts, buy below 2291.82 and sell at 2274.46 or below
============================================================
if you swing calls, your next target is 2444.41
if you swing puts your next sell target is.. 2243.0
Welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tuned for more.
Trade closed: target reached:
this TA played out very well hope you guys able to caught the move.