Amazon is on the verge of breaking MA200 line and RSI and MACD are supporting it. I sold earlier CALL SPREAD 565/570. Amazon declined on Tuesday despite the fact overall technology sector was gaining. Market is healthy but AMZN is declining today (as of now -1.3%)
Traders can enter PUTS or Sell Calls upon clear break of this important level (MA200 and 550sh level).
Good Luck!
Traders can enter PUTS or Sell Calls upon clear break of this important level (MA200 and 550sh level).
Good Luck!