Amazon.Com -AMZN -Daily -Breaking down slowly through support

336 3 7
Slow and steady decline in AMZN             here as it rolls over from what was support. There is a giant triangle you can see on the chart (highlighted in blue) where I use the highest lows and lowest highs to draw the triangle (not the highest highs and lowest lows).

AMZN             was sitting there the past few days as the market sold off after quadruple-options-expiration last Friday, but I like to "go with" trades that set-up like this and look for another 20-40 points (6-13%) on the downside for AMZN             through the end of November. I'm sure that AMZN             will have a barn-burner for a Holiday selling season, but for now I think it is under pressure along with the retail group.

Risk 15 pts - 20 pts to make 20-40 pts. Probability estimate for this type of trade 50%.

Tim 11:16AM EST 9/26/2014 AMZN             318.31 last
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
The magnitude and general direction of the forecast seemed to work, but the timing was a little fast. Overall, AMZN has been a good downtrend with one violent rally back up the apex of the triangle.
Nice action... Cover at least half on the opening. Trail the balance 10 points behind the price action.
Maybe will rebound to upper trendline and test 342.. depends on how the market unfold.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out