Stochastic Oscillator appears to show downward momentum, and RSI appears to showing the same signal. SHOP also appears to be hitting the 0.382 Retracement level, and if it fails to break this resistance, there will most likely be a downtrend as buyers become exhausted.
Chipotle seems to be a little overbought right now. First off, there is a large amount of volume, but the candlestick is small, meaning that bears are mounting on the pressure to short Chipotle. The stochastic oscillator also indicates that Chipotle is overbought, and there might be a correction soon. RSI also indicates overbought levels.
I think Amazon might fall tomorrow, although I do not know how the markets will perform tomorrow. I think that might have more influence on the stock price of Amazon. However, on the basis of Amazon along, it seems that the current trend will continue to go down, although I do not know for how long. But it seems that there was a large increase of volume, but the...
I bought and sold my AMZN call option on the same day on Monday. I made a profit, although I purchased the option too early and was too impatient, missing out on a bunch of profit. I think I need to adjust some of my indicators and add more indicators to my arsenal to try to avoid mistiming my purchases and giving me a heartattack when I check later in the...
Recently, I just sold my call options for AMZN for a profit, right before the drop in price on Friday. Looking at AMZN now though, I think that it is a good time to buy into AMZN and go long. It already appears to show some upward momentum, and volume seems to be increasing in a positive direction. However, I would probably wait until the MACD line crosses over or...
I believe that Amazon still has significant upside, and because I wanted to purchase more leverage, I decided to put a call option on Amazon. I have made about $280 so far, but I believe that Amazon will still go up for a while. I believe that waiting for the MACD line to cross over the zero line would be prudent, but I think that everything else looks okay....
