Amazon earnings report day

Today we are going to have another earnings report which is Amazon $Amazon (AMZN.US)$ . Although the share price has been quite up trend recently, we believe after the earnings we might see some profit taking pressure soon.

As long as the retracement are able to hold above the yellow line, we think that the short-term uptrend might still intact, therefore 94-96 might be a very important support level if the share price is able to hold over there.

If the share price drop below the yellow line, we think that it might hit back the previous low around 82.