POTENTIAL UPTREND

Amazon’s (AMZN) MACD in daily chart suggesting further upside. Hence a MACD golden cross plus a daily close above the $3,223 level may extend the rally towards the $3,433 resistance. The next resistance is $3,762 which was AMZN’s all time high. However, a daily close below $3,100 may dampen the bullish momentum and provide a near term short selling opportunity. Support levels are located at $3,100 and $2,760.