$AMZN Into Earnings

Amazon is up 34% into this evenings earnings print....Where to next?

AMZN 0.00%↑ reports this evening, and has found a “convenient” landing spot into tonight’s print, sitting just below a declining 200 day moving average. It’s up almost 34% since the start of the year and has expended a tremendous amount of momentum to get to this point (as measured in RSI). I’ve pulled chips off the table, and will use tonights reaction to gauge which direction to place the next bet.