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Slothcharts14
Jul 15, 2019 11:16 PM

AMZN - ATH's EOW Long

Amazon.com, Inc.NASDAQ

Description

I usually don't try to predict things in this short of timeframe but AMZN price action today tells me it's ready. RSI should move closer to that 78-83 range and I'm hoping to see us pierce that $2,050 mark and make that new support going forward. Volume coming in at the end of the day was a great sign IMO.

ER in 10 days, AMZN usually likes to move at this timeframe but that $2,050 is strong res so we could see a rejection before ER - assuming AWS #s are inline or above expectations and outlook remains positive, We will see ATH.

GLTA
Comments
judejames
its a new week, hope we get that ATH this week.
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