Amazon has earnings next week on February 2, 2021 AMC and is projecting massive Q4 growth in online sales as major retailers were shut down during the pandemic over the holidays. Big tech FAANG stocks all saw a massive push last week to commence the earnings season run up, and AMZN is setting up nicely for a push higher back to all time highs. If AMZN can get above the 3350-3365 resistance range with strong volume, it can quickly push higher to the 3550 ATH mark. Expectations for AMZN earnings will be high as many sources report increased online retail penetration as a result of the pandemic. This is a massive swing play opportunity coming this week for the retail giant.
