Amazon has quietly given back its post-earnings rally, and is still working through the megaphone/diamond daily chart pattern we looked at last week (Hat Tip: 12631 member @BernieCornfeld).
Updating that daily chart, below, you can see the stock has not yet confirmed the pattern lower, as I would be looking for a close below $295.55 and then $292. But the momentum has clearly not followed-through higher even after the dramatic earnings upside reversal.
_________________________________________________
If you enjoy the content at iBankCoin, please follow us on Twitter