AMZN TA
AMZN Analysis:I entered the 3285 calls for 2/19 earlier. My support was set at 3271 and first resistance of 3304 and second at 3314. We have broke the first resistance line at this level and currently sit at around 3309. We are above: 5EMA, 20EMA, 50EMA, and VWAP on the 30 min chart. I am very bullish here. As well as technically looking strong, we have the options flow ramping up, with millions of dollars of Amazon calls being bought at these levels. ALSO, FlowAlgo AI alerted that they are long at 3298 which all together create a fantastic opportunity. All of this together makes a perfect storm for AMZN.
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