Simple Swing Plan: $AMZN hammered in a low friday?
Hammering a swing low floor between 416-420 but only confirmed on a close higher today on the daily. I cheated and bought an OTM JUN 460 Call option for only $4.50 looking to add a 425 Call lower or tomorrow only if it closes above $426 today.
Stops below 5/1 Friday's $416.00 low.
I am going to move a trail stop to the previous day's low on the underlying stock price.
Target1: 76.4% retracement of the previous swing high to low at $444.00
Stops below 5/1 Friday's $416.00 low.
I am going to move a trail stop to the previous day's low on the underlying stock price.
Target1: 76.4% retracement of the previous swing high to low at $444.00
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