AMZN (May 2 preview)

AMZN Gap up on increased volume, but longs hope that there will be follow-through this time, unlike the correction exactly 3 months ago after similar market upmove.

amzn

chart: stockcharts.com

2 thoughts on “AMZN (May 2 preview)

  1. This chart doesn’t show that the the previous decline after AMZN missed earnings and in this case it beat handily. That’s not to say it might not decline but not convincing taking overall picture into account. Better comparison might be to what it did couple of quarters ago when they beat.

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