Amazon seems to forming a double top. I see this dropping to $115-110 range in the next 3-6 months. If this break $131.50, we will see more dropping.
Short term targets:
Target price 1: $127-126.23
Target price 2: 122.86
Target price 3: 114.00
Target price 4: 110.95
I also see Amzn retracing in the short term to $135 if it doesn't break and hold under $131.50. I will buy a put at $136 and hold until Target 1 is reached.
Short term targets:
Target price 1: $127-126.23
Target price 2: 122.86
Target price 3: 114.00
Target price 4: 110.95
I also see Amzn retracing in the short term to $135 if it doesn't break and hold under $131.50. I will buy a put at $136 and hold until Target 1 is reached.
Trade closed: target reached:
Target 1 reached. Going to Target 2 soon.
Comment:
Target 2 almost reached. I think it's time for short term calls to $131+. If it breaks and holds above $126.75.
Trade closed: target reached:
Target 2 almost reached. I think it's time for short term calls to $131+. If it breaks and holds above $126.75
Trade active:
Time for another short