AMZN trend is up

Sensing :

  • That the results of AMZN aren’t that bad (sales up 14%, Ebay 3rd party sales up 30%). After market drop of more than 6% because of not beating the estimates. Due to the crisis, people use more Ebay, so there is some kind of compensation for people not buying new stuff on Amazon
  • That the trend is up. 4 higher and lower highs
  • That RSI if approaching 70, and could lead to a longer uptrend.
  • That it will test the resistance just below 90, but that the real resistance of the uptrend is at around 77
  • That after the pull back, it will go up again.

20090724_AMZN

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