BATS:AMZN   Amazon.com
Took just a day to trade below 130 support after falling outside bullish channel. Unfortunately I took my profits the day prior. Although HMA is bearish, we are in heavy oversold territory and looks like it could be a bear trap. Selling a 135C and 125P strangle could be a good idea as I foresee AMZN trading in this range short term.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.