Finished a massive uptrend (Green).
Is currently trading in between 64$ and 47$ which I believe is the start Distribution.
This phase can go on for months or years. Amazon has been in Distribution for a year now.
Only way to trade this is grab monthly contracts and trade between Resistance 64$ and support 47$. After Distribution phase a stock can then begin an uptrend or downtrend. A breakout or fall through above numbers will confirm the direction.
Is currently trading in between 64$ and 47$ which I believe is the start Distribution.
This phase can go on for months or years. Amazon has been in Distribution for a year now.
Only way to trade this is grab monthly contracts and trade between Resistance 64$ and support 47$. After Distribution phase a stock can then begin an uptrend or downtrend. A breakout or fall through above numbers will confirm the direction.
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