AMZN is to be the biggest short of the year. Don't know how or when, but when panic is spreading among millenials, this thing is crashing big time. That will be an entry.
Bollinger scratching now, as the asset has kept creeping up 23% YTD.
Short interest is less than 2% of floating.
On the right, the FIB shows $710 (when Trumps elected) and $1473 which is todays max.
$1182 and $1000 look safe entry points as of now. 100 days MA is in the between.
Last days rally is to be blamed to the earnings announcement. It's all fuss. Don't buy now.
Good luck.
PS due to margin requirements I am not actually shorting this
Bollinger scratching now, as the asset has kept creeping up 23% YTD.
Short interest is less than 2% of floating.
On the right, the FIB shows $710 (when Trumps elected) and $1473 which is todays max.
$1182 and $1000 look safe entry points as of now. 100 days MA is in the between.
Last days rally is to be blamed to the earnings announcement. It's all fuss. Don't buy now.
Good luck.
PS due to margin requirements I am not actually shorting this
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So, I would not touch this until it's below $1200