$AMZN: Fast Rebounds Reveal Fundamental Support Level
The new technologies that Amazon is embracing, including robots/robotics, and a brilliant CEO keep this huge company moving forward.
The HFT-driven gap down in August was massive but the rebound was fast. This isn't the first time the stock has moved right back up to its prior quarter's fundamental support range, aka Dark Pool Buy Zone.
Now,
AMZN is slightly above that range to challenge the July high. A stock to watch ahead of its earnings report October 24th.
The HFT-driven gap down in August was massive but the rebound was fast. This isn't the first time the stock has moved right back up to its prior quarter's fundamental support range, aka Dark Pool Buy Zone.
Now,
AMZN is slightly above that range to challenge the July high. A stock to watch ahead of its earnings report October 24th. 
Martha Stokes, CMT
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