$AMZN Support Holds – Sharp Reversal Coming?

On Friday and today $AMZN bounced swiftly off support.  Just as $AMZN was rejected a few times at the upper resistance line, it has now bounced off support a few times, and looks ripe for a reversal to higher prices.

$AMZN has worked perfectly recently:








I like the $AMZN calls heading into the middle and end of April.  I liked it for downside from $380, and now that its at support, I like it for a short term move back to $350. I am a trader - the recent bearish trade has resolved - its time to be a bull again.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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