$AMZN Chart Update:
Highly doubt we're closing that earnings pop gap this fast. Maybe 1-2% more downside, but a decent swingable bounce is coming after a near 10% unabated drop since earnings.
Watchlist material. The selloff's getting stretched, and risk/reward is starting to flip bullish for a bounce play. Not calling the bottom, but the setup's getting interesting for a short-term long if you want to catch the snap-back.
Keep it on radar.
Highly doubt we're closing that earnings pop gap this fast. Maybe 1-2% more downside, but a decent swingable bounce is coming after a near 10% unabated drop since earnings.
Watchlist material. The selloff's getting stretched, and risk/reward is starting to flip bullish for a bounce play. Not calling the bottom, but the setup's getting interesting for a short-term long if you want to catch the snap-back.
Keep it on radar.