AMZN Bullish Engulfing
The failed gap down and the bullish engulfing at the lower end of the earnings range was key. New setup: momentum stock sees a gap down into low end of earnings range but bid is still there. Long calls with about 30 days to expiration and a strike price at the upper end of the range would be a good systematic entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.