Divergence on daily momentum, approaching trend start. Solid company, great IP, overly shorted. What more can you ask for in a long opportunity.
MSFT loosing momentum, expecting a pull-back. Buy level around 220.
Potential short term upside, long term it is still far above strong support. A move to the resistance would be a gift to short this pair, I would treat the support levels as profit targets, would not hold a long on this pair.
At a yearly support level, we saw some reaction at this level on the weekly, price is back down to retest the yearly again. For a long position you would want to see this level hold, easy stop loss considering the potential up size. Would not take a large position here but worth a look. Keep your eye out if it starts to gain levels.
Potential downside for Amazon, currently in a monthly squeeze,
Rarely see so much level respect on a fib pull. Expect a pull back between the .5 and .618 to the .25 Short at level of support lost Ride to 4-5k