I'd be looking to enter at the breakout towards the upside. Correction so far looks normal based on .618 fib level, strong support near that level too.
Few catalysts that should see Amazon continue upwards:
1. Amazon expected to win hearing against Parler. In a court filing late Tuesday, Amazon defended its decision to drop Parler, a social media app popular with Trump supporters, from its web hosting service.
2. Earnings report expected to be on 4th of Feb 2021. Amazon has consistently outperformed earnings...
