It seems like $AMZN is forming a doji. On the Ichimoku chart, $AMZN is trading above the kumo with a fairly strong Tenkan sen. It is likely to find support at around $239 and $231. It needs to break the kumo support at around $225 to $220 for a short.
$AMZN has a breakout from the kumo with a great price surge yesterday. The price surge invalidate my bearish view on AMZN and I will be closing my SHORT Vertical CALL spread.
$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. Note: There is also a Bullish… Continue reading $AMZN . Right at the kumo.