$AMZN has been in a tailspin since its disappointing "earnings" report. The company continues to grow at the expense of profits. How long will investors tolerate this corporate mentality?
I think the stock remains a one investors are scared to buy, coupled with a chart that looks to have bottomed, I decided to trade for a move higher.
$AMZN sits at a compelling level to initiate a short term long trade.
I bought the $315 weekly calls based on the chart below:
