$AMZN is oversold on the daily The past few times NASDAQ:AMZN has been oversold on the daily have proven to be great entry points. We are close to a possible support line and could go even a little further to touch the 100 SMA (white line). I am starting to accumulate NASDAQ:AMZN shares as well as April 17 220 calls @ $7.95
If it does drop further I would look to add at the 100 SMA. However, I do think we could see a bounce soon. It's also around a 30 forward PE at these levels.
