The modern day @ a discount.🥇AMZN down roughly 37% from highs, yet still no hh on di- since 8h close @ 2704. (bull div)
Next cycle on HMA and DMI, both bully with 200hma on 2h and 4h either inside, or north of fluke earnings gap.
1d rt @ 2507, sustain that and 1d will bull x with price en route to wkly rt @ 2781.
POC on net vol:
a.) since Mar 29 drip @ 3105
b.) since ATH @ 3399
c.) since last time pa dipped below 2400 @ 3200
Mid range targets below 200 hma on 8h: 2616 and 2907. Both targets well within monthly atr (100% @ 2940) assuming 2370 monthly low. 3063 feasible only with 136% extension of monthly atr.
If you're not buying a damn near 40% dip on AMZN, what are you doing with your life.
value is in the range.
appreciate the risk.
