Comments on: Potential Pullback Buy Entry In Amazon.com Stock ($AMZN) https://morpheustrading.com/blog/amazon-amzn-pullback-buy/ Learn how to swing trade explosive growth stocks and top cryptos with a proven stock trading strategy since 2002. Wed, 06 Apr 2022 19:00:37 +0000 hourly 1 By: Deron Wagner https://morpheustrading.com/blog/amazon-amzn-pullback-buy/#comment-1355 Mon, 07 Oct 2013 09:54:21 +0000 http://www.morpheustrading.com/blog/?p=2978#comment-1355 In reply to Mary Johnson.

Hi Mary,

If you browse through blog, you will find that we don’t care about news. Rather, we focus on price and volume action (which may or not be based on news). We also don’t predict the direction stocks will go based on news or other events. We merely trade what we see, not what we think. Have a look at Why We Are Not Worried About A Government Shutdown, as it explains why we don’t trade news.

Hope that helps.

]]> By: Mary Johnson https://morpheustrading.com/blog/amazon-amzn-pullback-buy/#comment-1347 Sun, 06 Oct 2013 04:27:39 +0000 http://www.morpheustrading.com/blog/?p=2978#comment-1347 Amazon (AWS) is hosting sites that has illegal content like mugshots.com as well as others. And is already listed in a class action lawsuit. This could cause earnings and the stock to go down.
http://www.counselor.pro/wp-content/uploads/2013/07/Lashaway_-v-_Mugshots__Amended_complaint_AS_FILED.pdf

Washington Rights of Publicity
http://apps.leg.wa.gov/rcw/default.aspx?cite=63.60.010

]]> By: Deron Wagner https://morpheustrading.com/blog/amazon-amzn-pullback-buy/#comment-1241 Tue, 27 Aug 2013 14:48:45 +0000 http://www.morpheustrading.com/blog/?p=2978#comment-1241 Just an update on the potential pullback setup in $AMZN discussed in the video above.

As of the morning of August 27, $AMZN has broken support and is trading at new lows for the month.

If $AMZN convincingly closes the day at new swing lows, the setup is technically dead for now. However, this is no problem at all because the trade setup never triggered our buy entry (it would have needed to move back above its 50-day moving average).

Furthermore, the video remains a great educational summary of the factors we look for in pullback trades, regardless of the individual stock being used as an example.

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