Amazon is currently a difficult trade but retains potential upside if it breaks out of its recent downtrend.
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Damn it. I thought maybe you'd have an opportunity. Maybe have an opportunity in Amazon. You know, Amazon put a low in at 244. Hanging out here a little bit. It's got a descending channel here.
Perhaps Amazon wants to wake up. Wake up Amazon. And uh if it does, it could be a good trade. I'm long Amazon from yesterday. It's been a tough trade, but you know, we'll see if it can get better.
But um that's why sometimes you need to be in verse an area and you just can't play it for momentum. If you've been waiting for it to clear, you know, this area um it's overnight happening and you're probably like, "Damn it, I missed it."
And you're punching the wall. Don't punch the wall. Um anyway, so I think Amazon could be viable even though it's been a pain in the ass. And it has been a pain in the ass and I'm allowed to curse.
This was a day, this was a big pain in the ass day. This was a pain in the ass, too. Made a lower low. Maybe Amazon stops being a pain in the ass.
What this channel has said about $AMZN
T3 Live has 7 calls on this stock; only the adjacent ones are shown.