Technical Outlook Video for AAPL and AMZN for Week of July 31th

AAPL and AMZN Analysis Video

This week we will be be looking at two big tech giants Apple (AAPL) and Amazon (AMZN).

AAPL

image of AAPL logoThis week on Apple, price has given a good retest of the high supply zone at $153.  I would like to see AAPL come all the way back down to the demand zone at $145.00. Price is in a range right now and I’m looking for price it the bottom extreme of the range.  On the way down, I believe we will have some 60 minute demand zones to chew through but I don’t expect them the be to hard.

AMZN

image of AMZN app iconOn Amazon this week, price is making new highs and it’s the highest it’s ever been.  We touch 1080 today and for the up and coming week I’m looking for it to go higher.  The overall trend is up and price hasn’t put in any indication that it will be going down.  Today, is earning for Amazon and today was the first sign of a pullback.  I think that’s all it is is a nice little pullback to daily demand then it will be off again to the races.  I would like to see this pullback come back down to 1020 as it is where previous highs are.  However,  will that happen.  Nobody knows.  So we will go with the trend until it ends.

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