Apr. 17 at 4:09 AM
You don’t see this kind of wick on
$AMZN often. Today’s plunge to
$244.20 was met with a massive wall of demand, resulting in a textbook Hammer candle that closed at
$249.70. While the California price-fixing news provided the "scare," the institutional defense ahead of the April 29 ER provided the "squeeze." This isn't just a recovery; it’s a clear message that the floor is set at
$244 for the next leg up.