$AMZN Technical Note Follow Up
We only comment a stock once we see more than 10 members are interested in knowing where the price may head or if its good idea to take profit or initiate a new position. We want to remind you that we posted a technical note on Sept 8th and today as you can see the chart price hit indeed TP-2 $220. As to those of you who want to get in now with long position, we recommend you to wait til next week though the price will bounce off from this level back to $226 but the risk is very high with a lot of drama surrounded on $BABA IPO as to those of you who want to close the short trade, we recommend you to take profit now and don’t be greedy. Here is the link for the technical note. Good Luck!