AMZN Continues to Follow Our Bullish Script

AMZN... continues to climb towards a confrontation with its key Aug. resistance line, which cuts across the price axis in the vicinity of 976-977, which if hurdled and sustained, will trigger upside potential to challenge more significant resistance lodged between 992 and 1000. Only a failure to take out and sustain above 977 followed by a decline that breaks 966 will argue that the initial recovery upleg from Tuesday's head fake, Bear Trap low at 931.30 is complete, and that a correction is in progress.

8 31 17 AMZN hrly 920 A GIF
8 31 17 AMZN hrly 920 A GIF

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!