My previous post underestimated the size of the handle and we ended up filling the gap over night. I think we are very bullish from this point until earnings. I would guess a sell off right before and continued strong growth afterwards. We are coming in to the holidays and if retail shopping wasn't bad enough before, now we are dealing with social distancing and a...
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!
Looks like we are completing another rising wedge and futures have now touched the bottom support of their previous rising wedge which would indicate we are going to see another sizable drop. Futures have again created another smaller rising wedge. By retesting the previous support and now holding as resistance, this confirms the previous rising wedge hypothesis.
