And this will bring in alot of buyers who follow technical analysis. Once they're all in, then AMZN will get slammed back down taking all their money. The market works in funny ways.
it's the biggest candle I have ever seen
haha! Exactly! Technical traders are gonna see this from a really long way away!
This is nothing more than a short squeeze. This stock will trade back down below $110 next week. Where were all these buyers last night ? What has changed ?
> Where were all these buyers last night ? What has changed ? The buyers today realized that Amazon beat on the top line. That's all that matters. They see that the economy is good.
Shorts who also shorted much lower today will be covering as soon as they make up some of their losses. This thing is gonna be a jumping jack for the next few trading days.But it will also attract alot of buyers as I said at the top.