AMAZON DIPPED ABOUT 0.2% SO FAR DESPITE ITS EARINGS REPORT FOR THE Q4 OF 2020 WHICH IT DELIVERED ITS LARGEST QUARTER BY REVNUE OF ALL TIME GENERATING MORE $125 BILLION IN SALES($14 VS $7.25 PER SHARE FORCAST BY ANALYSTS
IT SEEMS BEZOS‘S ANOUNCEMENT TO STEP DOWN AS CEO HAS TAKEN THE GLOSS OFF MORE STRONG EARINGS WHICH IS REPORTED
FROM TECHNICAL PERSPECTIVE ESPECIALLY EWP, AMAZON IS STILL TRADING SIDEWAYS SINCE EARLY SEP, 2020. THE CONSOLIDATION PHASE MIGHTE BE COMPLETED AT LOW OF $3086 AS TRIANGLE AS FOURTH WAVE. AND THE RALLY IS WAVE ONE OF THE FIFTH OR THE TIANGLE IS STILL UNDERWAY
HOWEVER, IN BOTH INETPRETATIONS $3086 LEVEL SHOULDN‘T BE BROKEN, OTHERWISE THIS SCENARIO IS NEGATED
