AMZN Gap Fill is well underway. Already have confirmation on the 5m, 15m, 30m, 1hr charts. With the way it popped yesterday, Don't be surprised if we get back to $1900 in short order.
*Key Support at $1865 held and that's where she opened this morning
*Immediate bounce up to $1880 level showed some pretty good strength while rest of market was searching for direction - except for $TSLA which apparently just hit ludicrous speed...
*Retraced to 1870 after bump up to $1883...didn't even bother to make double bottom shows the bulls are still in control.
*Following identical pattern to yesterday's slow, continuous buy-build-buy-build basing.
*Bull pennant and nice strong uptrend (maybe a better indicator than the gap fill) has formed on 5m candles and continues to hold.
*Key Support at $1865 held and that's where she opened this morning
*Immediate bounce up to $1880 level showed some pretty good strength while rest of market was searching for direction - except for $TSLA which apparently just hit ludicrous speed...
*Retraced to 1870 after bump up to $1883...didn't even bother to make double bottom shows the bulls are still in control.
*Following identical pattern to yesterday's slow, continuous buy-build-buy-build basing.
*Bull pennant and nice strong uptrend (maybe a better indicator than the gap fill) has formed on 5m candles and continues to hold.