If AMZN breaks below $3,621 then puts would be a nice play. The market has been very choppy this week so trading quick is key, there have been a lot of moments to play quick scalps on both sides of AMZN.
If it breaks below $3,621 then it would then either bounce off the upward trend line or catch support around the $3,523 price-level.
As of now I would avoid AMZN calls until it gets back to $3,700+ level to retest ATH's, there is just too much chop in the market at the moment.
If it breaks below $3,621 then it would then either bounce off the upward trend line or catch support around the $3,523 price-level.
As of now I would avoid AMZN calls until it gets back to $3,700+ level to retest ATH's, there is just too much chop in the market at the moment.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.