MichaelMF

Amazon- Set up for a long fall?

Long
NASDAQ:AMZN   Amazon.com
Gota lil set up looking like a wedge on the weekly. Fake out on bottom trend few weeks back, other than that decent. MACD looking to turn up, Stoch just starting to cross and earnings RIGHT around the corner (Oct 24th)... Could see it hit back to 1940's-1960's area or higher over the next few weeks. 1940's-1960's could set up a possible H&S pattern to watch out for on the weekly. Otherwise, could be looking at new ATH. Lot is going to depend on the earnings here and ofc China news.

not advice. speculation only.
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