Amazon AMZN
After tracking within longer term parallels so faithfully for so
long this new set, created from an earnings boost and big gap
up into a higher gear at the end of October, is much
sketchier.
Despite that Amazon should retest 1450 come Monday.
Any failure to hold this level will likely trigger a further wave
of selling back to 1338. It may well spike as low as 1299 where
it should find support again from the longer term parallel -
worth buying again if it falls this far.
After tracking within longer term parallels so faithfully for so
long this new set, created from an earnings boost and big gap
up into a higher gear at the end of October, is much
sketchier.
Despite that Amazon should retest 1450 come Monday.
Any failure to hold this level will likely trigger a further wave
of selling back to 1338. It may well spike as low as 1299 where
it should find support again from the longer term parallel -
worth buying again if it falls this far.