106 is the magic number for me on AMZN - both daily BB and structural trendline resistance is there and we have steep hidden bearish divergence on the daily charts (yellow lines on price and rsi). AMZN doesn't always get to it's BB but I think this time it will, we'll see. Either way, I think it pulls back from there. 106 can be reached with FOMC reaction or with earnings this week. Good luck!
Commentaire:
gapped above 106, but now at daily BB and 200 ma combination - a strong resistance point.
