Amazon.com, Inc (NASDAQ: AMZN)

Another swing trade

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Sold my NYSE:POT at 146.75 for a nice $18 gain. This market has no room for hope, and yet I am "hoping" that POT will pullback enough to give me another opportunity to swing it.

In the meantime, I took the proceeds and bought me some Amazon.com (NASDAQ:AMZN).

Today's intraday action in AMZN kind of reflects its daily chart. Here is the intraday chart from the past 5 days:


Here is AMZN's daily chart:


The important points that I get from the above charts:
- Amazon is in an uptrend in 2 different timeframes: the daily and the 15-min. intraday.
- Amazon displayed the same V-bottom pattern on both the daily (occurred last week) and the 15-min. chart (occurred about 1hr ago). This one was interesting to me, since I don't often come across the same pattern repeated so clearly obvious on two different timeframes.
- Amazon is in a period of seasonal strength.

Anyways, I was watching it in the morning, and when QQQQ decided to stop going down, I bought AMZN @94.3, initial stop @93.8, initial target=95.5, but will re-evaluate at that price level.