$AMZN . Right at the kumo.

$AMZN price level is currently right at the kumo.

The kumo is very thin now; suggesting that there is very little support below or resistance ahead.

However, the Ichimoku chart is also showing a small kumo twist suggesting bearish move ahead.

Vested with a SHORT APR CALL spread. Bearish.


There is also a Bullish Tenkan sen – Kijun sen cross. Given the thin kumo, it can go either way. Hence, my preference for a SHORT CALL spread to minimise my risk.

By iam802

Trend trading with Ichimoku