Remember this is a "cult" stock so... watch out, if they lace the moonshine, the Amazoombies could do Amazing things... The only way I have succeeded with this one on the short side is under extreme levels... otherwise, it has made me sweat bullets... I actually feel more comfy shorting EBAY than AMZN (probably because I have spent more time with Miss Piggy (EBAY) than with Kaptain Pork (AMZN) -g
It broke recent highs (17.73 of Sept 18)... the next level (minor) is 18.78 (high of June 18) then, its 52 week high of May 17 (19.16 on a closing basis)... Today, intraday it was shy of the June 18 high... so... if the bulls get excited... they could go for it and then reach the May high... I am not suggesting it, I am simply saying it is possible. (also take a look at the stoch... it could have a little more room to go)
Much will depend on Monday (and of course OpEx will have something to do with it.)
Notice... highs for Sep, June and May were near OpEx Sep 21, Jun 22 and May 18 ... Soooooo
Mere coincidence ? Oct Op Ex = Oct 19... and we already broke September's high ...
I thought of ss yesterday.... (at around 17.5) but I saw it coming too strong so I did nothing... today, same thing... I decided to wait for Monday on that one...
anyway... just my opinion
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