Friday, March 22, 2013

AMZN Moving Into the Green

You know what AMZN's price looks like, let me show you what some of the underlying factors look like and why I think this could be an attempted gap fill rather than just a short term bounce (however as far as trade management, it still may be wise to phase out of the trade with so many uncertain events).

 AMZN  intraday starting to ramp


 The momentum screen looks very good, everything is positive or going positive.

 1 min intraday is in line with price which is good.

 2 min is leading positive which is better.

And we have positive migration out until at least 5 min charts.

So far, so good.

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