BlackbearTrader

Amazon's current issue

NASDAQ:AMZN   Amazon.com, Inc
Amazon's total revenue has been increasing quarter on quarter since 2012, this is shown by the stock price rise form that point. But the current trend is a head and shoulders pattern. the stock rose against the head and shoulders pattern which is only natural, could this mean a larger reversal is coming for the stock? I have chosen to hedge this earning report. But, AMZN doesn't really have that much volatile in times of earning report - unless the surprise is astronomical. So, I'm going to be cutting short any losses. Also, the 100 MA is providing resistance as of this point, so this may be the volatile we are looking for, as stock usually rise or fall quite bit near moving averages. So, if the stock does boom, will it be enough to over power the head and shoulders pattern?

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