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AMZN Possible Support

Posted by StockBuz on December 18, 2014 at 12:59pm in Long Setups

After shorting AMZN at the head and shoulders top, it has hit my target and appears to be trying for a weekly double bottom.  Here is where it is testing that support and one can get in; although I would recommend calls rather than common right here.  Note the long term trend-line support as well (drawn in - - - dashes)

Stop (alert) to your tolerance but I would say below $284 you have to bail and take the hit or flip to the short side.

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Tags: amazon stock, amzn
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