$AMZN Analysis, Key Levels, and Targets

AMZN Analysis, Key Levels, and Targets

What an absolutely fascinating move for Amazon. I have 200 shares (avg. 110.30) and I have 127 calls sold against my position so they will likely get called away… lol
I also bought (just 1) Yolo call for tomorrow @ 1.16
(I also bought a yolo 115 put at 1.2 — so I might win even with my shares getting called….

But I did think this was a market over-reaction. Totally understandable - considering that we all have bear market/recession burnout…
I do have my bias about the second half of the year and it is sideways to down… but I want to read the technicals as they as… with my bias aside.

This is a super interesting setup… There is a pretty good amount of “GAPS” to fill tomorrow. I do NOT ever look at post market/futures activity… only regular trading hours. So this is going to open up in a BATTLEGROUND…. After hours took this to above the 180EAMA on the Daily chart and In my opinion, it will get smacked down tomorrow below it again. BUT if it keeps moving upward then there is the 200DMA that could be the next resistance and above that we have the downtrend resistance line…

The bottom trendline around 114 is support….

So there you have it, y’all… in this environment you really just need to know where all the key levels are at and FOMO in and hope it works out… just kidding… I meant make educated trades…

See you all tomorrow… GL