AMZN
has stayed in the channel for a while then broke out of channel recently towards down but got a strong support at 3180 level. It came back stronger and entered back into the channel. Now it's trying to get a support at the lower bound of the channel (3450) as well as horizontal support level at 3440. If it breaks 3530 level, we can see 3700. If it can not sustain the channel/horizontal support level, we ma see it going back to 3180.
Comment:
Now it's standing at the channel support. Volume has decreased from past two days. If it holds this level and reverses from here, It will continue uptrend. If it breaks the support then we may see it going back to 3380.