Fell below the 100 MDA mid week and took a play based on a group due to the history of AMZN on the week of Thanksgiving.
If we can get back above the 100 DMA we should see some continuation as its been chop for weeks. recent news on November 17th about amzn selling prescriptions really did nothing positive for the share price.
3131 is the .618 retracement
3212 is the .50 retracement
Hopeful we get above the 3131 area and test the 3212.
Unfortunately despite my long position there isnt anything aside from the hopes of repeating histrory that indicates we are going to move up before a little more down side. Granted that isnt what I want to say, or see however its what I believe to be true. Monday morning will show its cards soon.
If we can get back above the 100 DMA we should see some continuation as its been chop for weeks. recent news on November 17th about amzn selling prescriptions really did nothing positive for the share price.
3131 is the .618 retracement
3212 is the .50 retracement
Hopeful we get above the 3131 area and test the 3212.
Unfortunately despite my long position there isnt anything aside from the hopes of repeating histrory that indicates we are going to move up before a little more down side. Granted that isnt what I want to say, or see however its what I believe to be true. Monday morning will show its cards soon.