Amazon.comShort
AMZN approaching an intermediate term top
My TrueCast models are flashing a number of signals suggest a period of increasing price volatility for AMZN coming up next week that will be particularly intense between Monday, July 14th and Tuesday 15th with a second flare-up to follow between Thursday, July 17th and Friday, July 18th.
I look for a multi-day price top to develop during this period of expanded volatility -- probably at, or very near a price of 353.6. Let's put a 10% filter around this center target number and call for the expected top to develop in a range between 351.10 on low end and 356.1 on the high end. When time and price targets collide next week-- it will be time to set up a multi-day short position in AMZN.
I look for a multi-day price top to develop during this period of expanded volatility -- probably at, or very near a price of 353.6. Let's put a 10% filter around this center target number and call for the expected top to develop in a range between 351.10 on low end and 356.1 on the high end. When time and price targets collide next week-- it will be time to set up a multi-day short position in AMZN.
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