$Amazon.com(AMZN)$ NOV20 255C still looks actionable.
Zone: $246.26 to $249.74
Invalidation: close under $244
Objectives: $263, then $278
The math: up 6.0% to the first objective and 12.1% to the second, against 1.6% risk on the invalidation, better than 7 to 1 to the second.
Think of a store that took a hard knock on Thursday and then steadied on Friday. Amazon slid from $262.37 to $250.38 on Thursday, then closed Friday at $248. That steadiness above $244 is the heart of this swing setup, with a walk back toward $263 first and then toward $278 if buyers keep holding, while a close under $244 says the floor finally gave way.
Amazon reports after the close on October 29, so that date is worth watching for the loudest move in this window.
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