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danbeaulieu
Jan 17, 2020 2:14 PM

AMZN - levels for 1/17/20 

Amazon.com, Inc.NASDAQ

Description

AMZN has just secured a higher low on larger time frames and I think we're slowly working our way back towards $1900. I'm cautiously bullish right now and think we can see 1901-1906 today.

[resistance]

Watching the volume node on the volume profile, we should see some resistance if we can get up to $1894 through $1906. If we can get above that we can see another attempt at $1917.51, I'm skeptical we'll get to that level today, but its not outside of the realms of possibility.

[support]

I'm watching support at $1866.01 and 1853.66 for possible dip buying opportunities. There are a few minor levels ($1874.47, $1860.00) in there but those are my main levels that I'm watching.
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