I must apologize for the long time in posting any ideas. With the situation we are in at the moment it is important to choose well if you are currently trading this market. One stock which has been showing signs of strength is AMZN. Going into earns this week may provide impertus for the next leg. Targets for this are shown, the main one being 1.618. I hope everyone is keeping safe, don’t forget this is not over for many people and that normality will not return until there is a vaccine.
Note
So revenue was up but it was countered by expenses which makes sense at the moment. I think Friday's move will shake out the weak handed traders as it will continue long over the next month or so in my opinion. It is quite likely as well we will move sideways for a while after the earnings report due to over positive media for the past few weeks on Amazon's place in the pandemic. (how it will be its savior)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.