Amazon Hot Take

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The hottest earnings report of the quarter just came out, and AMZN is absolutely flying higher. Keeping things in context, it has sailed to the Sierra Nevada Mountain Range of overhead supply, so I think it ain’t goin’ no higher.

amznreac

Here we can see the move in the context of daily bars (as opposed to intraday).

amznoverhead

For the moment, everyone’s excited about it, quite obviously.

lauren