| Followers | 679 |
| Posts | 141164 |
| Boards Moderated | 36 |
| Alias Born | 03/10/2004 |
Thursday, May 17, 2018 9:20:12 AM
By: MPTrader | May 16, 2018
AMZN-- has been moving in a high level contracting range since its post-EPS all time new high at 1664.81 on 4/27. We have to consider the three week period a bullish digestion period, which if accurate, means that when the digestion is complete, AMZN should thrust to the upside into another upleg that projects next to 1720-1750.
Only a decline that breaks the prior low at 1565.22 AND continues lower through the 5/03 low at 1546.02 2 will wreck the bullish digestion scenario, and leave AMZN vulnerable to additional selling pressure... Last is 1592.14
5 16 18 AMZN 4 hr Noon GIF
https://www.mptrader.com/middaymarkets/
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent AMZN News
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
