EvanMedeiros

bumping against big level

BATS:AMZN   Amazon.com
0
$AMZN great gap higher this week for amazon and a push to the top of this larger range around 272. Honestly I do not love trading amazon around these levels, there's just so much chop and volume put in here that I find makes it difficult to catch clean fast trades. Personally I always have more success with amazon when trading less size, trusting in bigger levels and not attempting to time the hell out of it. Bottom line, lots of chop, sitting at some pretty heavy resistance on higher timeframes, just a watch for me.

Evan Medeiros
Founder, Trade Risk
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