Amazon.com, Inc.

potential pullback predicted due to one sided uptrend = BUY

99
preface :
- I can see just as anyone else that we are angled upward ,
as per both LRC's here. regardless there are some points to note

1. smooth flow with a transition of power without much imbalance,
favoring the buyers
2. gap down, then all the way back up to 2
3. a lack of structure to 4, apposed to the smooth flow from 1-2,
could this simply be profit taking by the sellers at two, offloading
their orders to anyone and everyone causing massive spikes back to 4?
4. almost 3 touches of the resistance , wary buyers as per the
analysis of earning caused a dump, unless something changed?

what do I think will happen ?

* between 3-4 we have an unusually strong volitile one sided move,
normally these are followed by a smooth trend the opposing direction,
I could envision price coming back down to 3, or maybe at least 3-4
midpoint. it is taking too much libery to even hint at a turnaround ,
a pullback on the other hand.... possible, especially with this volitlity.

* RSI , MFI and Accumulation distribution all have hidden divergence,
as well as all being oversold, I dont care much about oversold, during
high volitility movements the overbought and sold are pretty much useless,
* over the past 2,500 bars, if price closes below a zone, we have a 67%
chance it follows through to the other end , you can manually verify
by reducing the lookback period. these are great odds!

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