David_Scott

AMZN - Short from resistance

Short
NASDAQ:AMZN   Amazon.com
AMZN hitting resistance, market overbought since Christmas counter trend rally. Next pull back is going to be the big one I suspect as we roll into the first week of Q4 earnings. AMZN target is around 900. Should bounce from there around their ER day. Respecting this downtrend channel quite nicely. Will start opening small long positions in the 900-1000 range in 2-4 weeks.

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