freakypab

AMZN Split this year?

Long
NASDAQ:AMZN   Amazon.com
Will this be AMZN year. AMZN lagged last year while big names made big moves amzn not so much. Bulls stepped in hard on first trading day of the year. They boosted AMZN right out of a downtrend into a uptrend. Currently RSI has enough room to run and Bull momo is increasing. I would like to see a convincing break above 3434.58 and ofcourse a support test of that level. With that done we can see a rally into the 3556 level. I wonder if AMZN will make a split this year if this happens then we will see an NVDA kind of run. Currently bullish on it bearish thesis would be a rejection at 3434.58 for a 3378 followed by 3312 again.

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