AMZN failed to stay above fairly new established trendline on the short time intervals but refused to break and hold below key resistance levels around 1855-1860. On the larger interval charts price action is respecting trendlines well. In fact, we see what looks a breakout from a triangle on the Daily chart. We also see what looks like a MASSIVE ascending...
AMZN seems to have found another steep trendline upwards. Current price action showing strong respect to 1876-1878 zone. A break above 1878 may be a sign for another run up to 1900. Watching this closely as this trendline is fairly recent. trading session on friday, Jan. 17 will confirm trend line strength.
Roku bounced off strong long time support today (support since October 2019). If it breaks 132, we could see a run to about 139. Going to be watching this closely for a break and hold above support.
