Technical analysis by chancethepug about Symbol AMZNX: Sell recommendation (11/6/2024)

MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. (Buy puts or buy AMZD) Price at top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at Fibonacci level In at $205.25 Target is $196 or channel bottom Stop loss is $208VBSM indicator on 15min-Daily time frame remains green. Next short entry is at $215.40 area.