Responding to requests to update the AMZN chart:
The point of maximum support is drawn at 267 and the range of support is 273-256.
Friday's action set a new 10-day downtrend in motion and any rally towards Friday's range tomorrow or the next day and we can have a low-risk short sale as compared to current prices. The range of trading has increased and the trading size is a function of trading range, so position size is cut when volatility expands.
Tim 12:18PM EST Monday, 4/28/2014 291.78 last -12.05 AMZN
The point of maximum support is drawn at 267 and the range of support is 273-256.
Friday's action set a new 10-day downtrend in motion and any rally towards Friday's range tomorrow or the next day and we can have a low-risk short sale as compared to current prices. The range of trading has increased and the trading size is a function of trading range, so position size is cut when volatility expands.
Tim 12:18PM EST Monday, 4/28/2014 291.78 last -12.05 AMZN
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