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Amazon.com Inc. Message Board

  • ajmanieri ajmanieri Mar 23, 2013 10:29 AM Flag

    If follow through . . . gonna price it to perfection into earnings . . .

    I believe AMZN is a good indicator right now - price action since earnings has been extreme and volatile as you all know. This week was a classic bear trap IMO (except for those who got short in the 270-280 range) . . . set the charts to convince all that it was going to break support and dip down to next support in the mid-low 240s . . . volume on the downside was not big, seems to have tested 252 3 times now and bounced hard into the close . . . if it didn't happen this week with the chart configuration it isn't gonna happen until post earnings now . . . . of course all of this (up or down) is happening on anemic volume so who really knows . . . but it is quiet possible AMZN may now challenge the 275 area going into April once again assuming follow through on Fridays close this week . . .

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AMZN
370.56+3.21(+0.87%)Mar 27 4:00 PMEDT