Technical analysis by jacesabr_real about Symbol AMZNX: Buy recommendation (19 hour ago)

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!