another intra-day trading spot for AMZN

[whodi]

a buy over 71.90
a short under 71.60

The 1st post I made worked out perfect in both directions.

[Goods]

Shorted 90 sh @ $71.57

Covered @ $ 71.32 for a $22 gain. Thanks Whodi. If you get a minute, tell me what you saw to make the call.

[whodi]

Look at the intra-day chart from 1:30 to 2:24, the Low was 71.58 and the high was 71.90, thats a tight trading range for a stock like AMZN for almost an hour. The stock is very week today, so if it gets close to testing the lows, you know its going to break it and take a hit, at the same time, the high of 71.90 would be a good buy because the stock has been weak today, and anytime a stock breaks out of a trend and its weak, u will see short covering to help push it up. Obviously, the trade in this situation was the short and you saw what happen. Same thing happened in my earlier post. I hope this helps, let me know if you understand after looking at the chart during that time duration.