Is the rest for AMZN short-lived LONG

AMZN on the 60 minute chart since earnings shows the jump and the sideways consolidation

after that. Here the RSI is superimposed on the chart within its own 0-100 scale. It is currently

in what should be considered deep undervalued territory and at RSI support /demand. The

William's Alligator set of moving averages shows MA compression and so convergence.

AMZN's price is now in a tight range with volatility likewise compressed especially compared

with that at earnings. In short price is coiled, the potential energy is ready to get converted

to kinetic for those who have an understanding of classical physics.

All that said, I see AMZN as ready to roll. I will take long trades in shares and options as

AMZN is ready to hit the ground running.

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