What's moving: Amazon, JPMorgan, Microsoft

Amazon

Amazon is my top pick for this week.

• The price has closed above the high of the previous day (cahold), indicating strong upward momentum.
• The price has also blown past the high of the previous week with conviction (green dashed line).
• Additionally, the price is trending away from the November high.

I will wait to observe how it performs on Monday. There are a couple of fair value gaps that we can potentially exploit to further increase the price (narrative).

JP Morgan

JP Morgan also closed above the high of the low day. The price is moving away from the 20-day EMA. There’s no clear story yet for the daily interval. I’ll keep an eye on what happens on Monday.

Microsoft

Microsoft had a great week! Although the stock didn’t quite reach its peak yesterday, the overall trend is still positive. We might see a small dip, but it’s likely to be a minor correction.

On the other hand, there are a few potential fair value gaps that we’re keeping an eye on.

Let’s see how things play out on Monday as well.

Don’t trade what you believe should be happening, only trade what is happening even if it seems impossible. 
— Al Brooks

I am not a professional investment adviser and my opinions are based on my own technical analysis. Please consult an investment professional before making investment decisions.

Do your due diligence if or when placing a trade. All ideas stated here are my own and do not represent trading or investment advice.