$AMZN TOP 20
Added 2023-04-17 03:00:23 +0000 UTC$AMZN remains the one Mega Tech stock that keeps catching my eye, mainly due to its positive set up and that it's indications are not showing extended, unlike many of the other Mega Techs, the 200 Day MA will be a very big test here, flipping this to support and the bull case is likely confirmed, the 50 Day MA has helped as support lately too.
So What Now?
Something is bubbling here as we lead up to the earnings, it is holding and moving sideways and it could benefit greatly from a positive earnings, watch for the 200 Day MA now, for a rejection or a flip to support.
Comments
I think the (2) might be the A of the (2) and a low between 90 and 80$ before the interim correction to 125+ is on the cards still.
rumorandvalue
2023-04-17 08:13:35 +0000 UTC
