AMZN was an earnings gap as discussed in Thursday's post. I placed my fibs from
PDH to
ORL. Price consolidated in the
retracement zone and rolled over. Took a partial after 3
WRBs and closed the position after
AMZN carved out a hammer after tagging the weekly pivot P.
If the 20 EMA holds as resistance in early trade Monday, we could get a continuation play as we did with
QCOM after its earnings gap.
QCOM was an earnings gap short on Thursday, but relatively disappointing given that we didn't get more sellers. The late day move up towards the
downsloping 20 EMA proved to be resistance as it had no follow through and breached the
PDL in early trade Friday for a gap continuation play.
I'll be watching
AMZN for a similar setup tomorrow.
AAPL - Scalp trade - I knew that
AAPL would attempt to BO of the base forming at the blue line. Once the triangle formed, it allowed for an early entry. Good thing, because the rally out of the base turned out to be lame.
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