AMZN: Weakest Liquid Mega-Cap
$Amazon.com(AMZN)$ (Short) - Weakest Liquid Mega, VARS Weakness, Bearish Divergence, Lost 10 & 20-MA with immediate MA death cross.
I am looking at $DIREXION DAILY AMZN BEAR 1X SHARES(AMZD)$ (Inverse Long AMZN) as a focus list idea this week. The high RRR positioning in the short term will be tilted towards going swing short.
Too late for new long exposure imo as any new setup you are stalking in the market now are all definite laggards, but will definitely advise to hold on to your existing long portfolio until the market bends. Don't outguess the 10 vs 20-MA momentum.
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- Maurice Bertie·09-24Missed long setups? AMZD’s high RRR + CBA’s 0-commission is my new bet!LikeReport
- Athena Spenser·09-24AMZN’s MA death cross! AMZD inverse play is my top swing short pick this week!LikeReport
