I think Amazon is on a down trend. How ever I also think there are goin to me some major levels for bounces. I'm looking forward to purchase a OTM put option to catch the overall trend. and to take call options at major support levels to previous resistance.
Liking amazon here to watch for an entry long. Lot of buying / volume right into a supply zone but it held up today and didn’t reject. Possible small retrace to demand right below but if it can hold here I will be looking for an entry to get long.
I think if it can get over 2030/2040 this can rifle right up to 2100.
