TPs in the chart as well as threshold.
Expected move is up based on probs and the inverse H&S formation on the weekly chart:
But let the PA speak for itself.
I expect it to go for 2 Standard deviations, which is in the mid-$ 180 range, but that is longer term, not this week.
Watch for a break in either direction. Outlook for Monday is bullish.
Safe trades!
Expected move is up based on probs and the inverse H&S formation on the weekly chart:
But let the PA speak for itself.
I expect it to go for 2 Standard deviations, which is in the mid-$ 180 range, but that is longer term, not this week.
Watch for a break in either direction. Outlook for Monday is bullish.
Safe trades!
Comment:
AMZN has seemingly been sucked into the markets range bound games.
I am a little surprised because AMZN was really admirably showing a lot of momentum and showing an intention to do its own thing, independent of the market.
But alas, the market siren call was too strong.
Hopefully we will see a break in a direction tomorrow and follow through.
I am a little surprised because AMZN was really admirably showing a lot of momentum and showing an intention to do its own thing, independent of the market.
But alas, the market siren call was too strong.
Hopefully we will see a break in a direction tomorrow and follow through.
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Got long on the dip.
Mostly out, have a few trailing to that 149 target, but of those few, about 2 are reserved for actually swinging this long to those high targets.
Will take profits completely if it falls back into the threshold range.