timwest

Amazon.com AMZN falling towards range support

NASDAQ:AMZN   AMAZON COM INC
508 15 5
Responding to requests to update the AMZN             chart:

The point of maximum support is drawn at 267 and the range of support is 273-256.

Friday's action set a new 10-day downtrend in motion and any rally towards Friday's range tomorrow or the next day and we can have a low-risk short sale as compared to current prices. The range of trading has increased and the trading size is a function of trading range, so position size is cut when volatility expands.

Tim 12:18PM EST Monday, 4/28/2014 291.78 last -12.05 AMZN            
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2use
2 years ago
Wow that was fast :) thanx!
+1 Reply
Nashwan
2 years ago
great chart
+1 Reply
timwest PRO
2 years ago
Did anyone short at the 310-315 area? That's the mid-point of the GAP-DOWN on EARNINGS RANGE DAY.
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timwest PRO
2 years ago
Today is Friday - Which is Day 6 of the 10-day decline
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Nashwan
2 years ago
i really appropriate your great chart that let me holding my short from 380 down toward 310
+1 Reply
timwest PRO
2 years ago
"any rally towards Friday's (Earnings Day last Friday) range....and we can have a low-risk short sale as compared to current prices"
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avatar
2 years ago
Cheers~ today is 9th.
Would be a big rally tmrw?
+1 Reply
timwest PRO avatar
2 years ago
I weigh the odds down here and think it makes sense to cover shorts. It's been a great ride down.
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timwest PRO
2 years ago
The forecast is going virtually identical to plan. It took a few extra days to turn down, but it has turned down in earnest here. Looking for the next bounce now. 289 last, down from 310 short zone.
+1 Reply
avatar timwest
2 years ago
Thanks Tim.
4020 is a very important support for IXIC, but apparently weaker and weaker.
+1 Reply
timwest PRO avatar
2 years ago
Very nice bounce and cover at $289..
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avatar timwest
2 years ago
It's time to PUT? if so, only 2 days' bounce...
+1 Reply
timwest PRO avatar
2 years ago
It looks like this is time to focus on AMZN as a short here for the push down to the lower level support that is listed.
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avatar timwest
2 years ago
Thanks Tim, for your valuable comments.
One more question: The energy is weaker and weaker for rally and for decline... the range is becoming smaller, do you think 288 would be a support before the market finally choose one direction to break (up or down)?
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avatar
2 years ago
Hi Tim, how do you think about this falling of AMZN today? There is any chance to get back to 300 within one week? Thanks.
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