Amazon is showing big signs of life again. If it can now break above triple-top resistance dating back to late October, it could potentially refill the bearish gap around $110 a share.

Along with other top tech stocks AMZN is getting ahead of its earnings announcement with a series of cost cutting efforts. Amazon’s price competitive platform stands to weather economic belt tightening well.

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We will be watching to see if the rally for AMZN that started at the beginning of the year is a clue to how their earnings announcement will go.

Sincerely,

Ian Cooper