Technical Analysis for Amazon (AMZN) – Is it set up for another run-up or a retracement?

In the video, I still ramble too much but I am working on it the more comfortable I get in putting my thoughts into words.

Amazon (AMZN) is an amazing company. They have great customer support and we order stuff from them all the time. But the way some of the trades are set up has made some initiate to the short side. There is one set up in particular that is calling for a pretty big drop in the future. When it will happen I am not sure.

But if a couple of factors happen I will look to get in under $1,000 because then it becomes extremely enticing. I explain why in the video.

Recap

Amazon (AMZN) is great but the way the setups have materialized shows a retracement is due to happen for a pretty good amount.

I don’t have plans to get in anytime soon. All information presented is my own opinion and should not be taken as financial advice.

If you want to see analysis from the way I trade on any stocks, Forex, futures, or cryptos feel free to let me know.

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