I think $DWA is going to 30$ wich is what they are willing to sell for. On the technical side:
- All relevant moving averages are turning up
- Stock jumped and is holding just above YTD VWAP
You could put a stop on todays lows. Decent Risk Reward play
For a swing play, I would wait to buy above 85.5 area, that would give a better risk/reward scenario within a potencial inverse head n shoulders pattern.
I'm bullish on this one, Short and mid term MA's are rising and volume is indicating accumulation. Potential resistance could be found around 2.20 area where 200 SMA can also be found.
$AMZN broke a long term uptrend support, but it didn't have a follow up week so uptrend continues.
On the bearish side all important moving averages are downwards on a daily basis. We'll see how this wedge resolves, but if price breaks below 284 area with conviction, we'll see lower prices.
