AMZN going down?

We spotted this gem at the end of Friday and we will update the entry as the market opens today. For now it's looking quite good for a short as we touched the resistance level and we got rejected twice. Also the support level with the blue arrow got broken for the last time and disappeared which means that the nearest support level is way down where the red arrow is pointing. However, we are not that cocky and we are shooting for the last low bounce price rather than a full meltdown. If the meltdown does happen then we will try to hop back on in a retracement (if the market is kind enough to offer it to us).

Transakcja zakończona: osiągnięto poziom stop:

Well that was fast and we got proven wrong in a big big way. AMZN wanted to go up and quickly! We shall continue searching for the next trade.