2waytrading
Short

Follow Up Previous Post (How far will it fall from here)

NASDAQ:AMZN   AMAZON COM INC
215 0 1
10-days ago we posted a note and how you could trade after earning. We precisely predicted 284.38 being an area of interest if earning is bad so was today. It actually open right where we market 284.38 May this year's low and a lot of stops hit and DTS tested too where short covering relief rally is expected. If you miss the relief intraday rally you should place your next short entry at a point above next overhead resistance at 292.15 which mathematically proved to be right 293.15 was a good short entry for intraday trade or even a few weeks trade. Now, the price is heading 256.47 after consolidation or printing a new series of lower highs and lower lows as we approach next year. If you want a real time trade alerts try us www.2waytrading.com
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