I am an amature and I am posting these ideas for my own education. The reason I think Amzn is going to its previous ATH is due to the rumors that they may go into the pharmacy business. It has crossed the ascending triangle and bounced above the 50 day MA. Entry: 1004.00 Target: 1070.00 Stop: no stop yet until order executes. Stop will be around 990.00
RSI hit 60 on a death candle stick of -6 from top intraday. Last time it hit 60 it dropped from there, and the death candlestick supports that Bullish bat may be forming along top trendline, waiting for .618 retracement before possibly going long into earnings. If it drops below the .618 before earnings will probably rethink.