AdamWest

Ascending triangle still. Price action tightening

Long
NASDAQ:AMZN   Amazon.com
Cool rally from lows yesterday after AMZN found support at 3080-ish. My previous belief that support would hold at 3105 was shattered by that tech sell-off. Are we going to continue selling-off on tech after this bullish day? Who knows, but lots of press on Bezos, a record ER beat, and ATH's in recent history makes me believe if NQ stays bullish AMZN will run. Only thing that keeps bullish sentiment down on AMZN is the notion that new and up and coming competition might make a dent.
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