$AMZN Bulls need to prove recent bullish resurgency is continue

4 Apr 2016

AMZN 90% of the time we don't miss because we wait certain levels to be touched before we move in either long or short. Last time, we precisely called that $585 will be hard to break upward n recommended to short March 2nd with target price $547 it hit $538 n the price surged from that low n crashed with light volume the resistance line $585. Now, will the bulls manage to crash 100dma at and around $605 it tried but fell short to touch it in last week's high process. Patience pays off and give the price to work out its intended direction. Trade within your ability and risk tolerance. Increase size and frequency when ability and tolerance permit it.