For the last two times that AMZN had made a strong initial push up from support, it had a second leg up after 1-2 weeks of side way action. It looks like this might be the case this time as well. Target should be 3600-3700. Please watch the price action to confirm.
Comment:
AMZN needs to break resistance/supply zone at 3520-3530 in order to fill the gap completely.
Comment:
Broke through resistance today on the way up
Comment:
Higher high, higher low for third straight day. Today it held 3500 as support.
Comment:
Oops, there won't be a second leg up. It went down due to the market condition.