SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jan Crawley who wrote (14057)8/19/1998 6:57:00 PM
From: Tenpole  Read Replies (2) of 164684
 
Jan,

Back at my desk for a quick look at today before bed. Interesting day - it has left the second part set-up of an evening star which might trade down tomorrow to 124 (approx). Interestingly, a trend line that goes from the two closing highs in July has become significant resistance - twice now the price has come away from it, refusing to cross it intraday.

What worried me from the short side was the possibility of a wave sequence developing upwards. As it has failed to get higher than the previous high (8/12) we can rule that out.

If the star formation competes tomorrow, we can start to look to a position next week around 112 - once options have passed through the system.

T
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News