That's one long HAMMER. A classic example of a reversal candle stick pattern at support with an oversold stochastic.
Normally I would like to see what the next candle looks like because this hammer is considered a NAKED HAMMER(not confirmed), but due to the size of the hammer's shadow, it is likely that Amazon will move higher.Near term price target $247
Normally I would like to see what the next candle looks like because this hammer is considered a NAKED HAMMER(not confirmed), but due to the size of the hammer's shadow, it is likely that Amazon will move higher.Near term price target $247