Looks good for Amazon coming in to earnings. I think we will see a solid run up and surpass previous ATH. It still needs to retrace to fill that GAP but I think it will be after earnings. We should see a good run up again going in to Christmas with all of the online shopping that will be happening for the holidays. Good luck guys!
The are multiple technicals showing support at the current level.
1. 50sma hasn't been broken since early april. (orange trend-line)
2. has seen reversals at the lower end of the trend (blue line)
3. we are above, and holding the previous resistance from early July (red-dotted-horizontal-line)
4. Drawing a Fibonacci retracement from: All-time-high to 100sma, we...
Alibaba making an interesting W-formation.
Waiting for a break above the double top, or a retracement to the 20sma to go long.
OBV and RSI are supportive of the movement, with OBV trending higher than previous peaks, and RSI above 67.
Keeping on a watchlist.