Update to this post:
Looks like AMZN will not replicate NVDA's price action!
Amazon is set up to have a false breakout today and get back in its 12 month+ range.
Anywhere between 3250 - 3300 is likely going to be major support. There a lot of structure, a .764 retrace, 200dma (I used the 250dma because held the lows perfectly), and arguably an advanced pattern formation at that level.
I want to look for tactical buys around there for at least a bounce.
Looks like AMZN will not replicate NVDA's price action!
Amazon is set up to have a false breakout today and get back in its 12 month+ range.
Anywhere between 3250 - 3300 is likely going to be major support. There a lot of structure, a .764 retrace, 200dma (I used the 250dma because held the lows perfectly), and arguably an advanced pattern formation at that level.
I want to look for tactical buys around there for at least a bounce.
Commento:
Commento:
is she off? good start
Commento:
Seeing a vertical move off the lows and looks like it wants to visit that 3500 area before pulling back. 3500-3550 is the next major resistance. Once it gets above that my bet is we see new al time highs.