novvoll12
Long

AMZN 533.69 bullish – Consolidates under record high

NASDAQ:AMZN   AMAZON.COM INC
9 0 0
AMZN             rallied to a new record high at 580.57 (July, 2015) before consolidating. The near-term supports are 502.57 ( 50% retracement of the 425.57/580.57 rally in July) and 484.54 ( 61.8% retracement ) (as shown on the monthly chart).
Outlook:
Short term: bullish
Long term: bullish
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