AMZN Key Levels for Wednesday

Mar 23, 2022

Disclaimer: I have never played this stock a day in my life. I was just having some fun with Amazon stock data and doing some random probability calculations. Please don't take this as advice or follow this!

Amazon trading range: 3,248 to 3,352.

Amazon seems to frequently come up short with momentum, but if we can get some nice bullish or bearish momentum, these are my probability calculations:

If AMZN can break above 3,335, then we can expect to see 3,352 and higher with nice momentum.
If AMZN can break below 3,265, then we can expect to see 3,248 and lower with nice momentum.



Again, never played this stock nor do I own this. Just playing around with numbers. I will check back to see how accurate this was at the end of day and if AMZN actually does respect this, I will consider adding this to my repertoire.

Best of luck today everyone!
Trade safe!

Take care!

Mar 23, 2022

Note

So in reviewing, my targets were not hit. But, I think I may give Amazon a second chance. Targets weren't really hit on anything today. But I can forgive it today because today was a weird day of really no conviction one way or the other (Bearish or bullish) and no follow through. But Amazon came pretty close. Close enough that I would have made a profit had I followed this. So, I think Amazon is now added to my list as well.

I will try to hone in on and see if I can make this more accurate (I did these calculations in like 4 minutes, so I am still impressed! haha).

Hope you all had a good day!