Top 5 Weekly Trade Ideas #1 - AMZN Short
AMZN has been riding this uptrend for weeks now and has struggled to sustain above $190. Things are looking slightly bearish so far this morning, but pretty flat overall. If we see more downside in NQ and AMZN breaks this uptrend it should make for a good short.
I would short now with a stop above $190, or wait for the trend break and retest.
I would short now with a stop above $190, or wait for the trend break and retest.
Note
190 rejection and trend break finally. I've been looking for this break for a while now and it finally happened. Not a huge move yet, but it's a start. Still looking for a move down to $180.
AP Academy Beta Registration Open:
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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