$Amazon.com(AMZN)$
There’s obviously no guarantee in the short term, but the premarket activity combined with the hold above 210 is starting to look constructive again.
That 210 level was a major liquidity pocket from last week, and the fact that price is holding above it despite the recent volatility suggests sellers may be exhausting themselves. When a level like that gets defended after a sharp move down, it often indicates positioning rather than fresh downside momentum.
Will be adding 50% to my calls.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments