Will we get a 20% bounce out of Amazon?

The cheap can always get cheaper, but the last couple of times Amazon has had a drop like this sending the RSI into lows we have ended up with a 20% or so bounce. Will be interesting to see if it happens again this time around or whether it continues its downward slide without the recovery rally.

One to watch.

Comment:

Gained as much as 40% off the January lows before dropping again on earnings. Nice run.