Prime Day Blowout Sees Bullish Amazon Stock Aiming to Deliver All-Time Highs

prime day stock

Amazon just concluded its two-day global shopping event – Amazon Prime Day. The annual shopping holiday is exclusive to Amazon Prime members who have the privilege of taking advantage of Prime Day discounts. This year, the e-commerce giant is expected to rake in close to $6 billion in a span of the 48-hour event.Investors are paying attention to the revenue generated by this event. The company’s stock is once again trading above $2,000 and it looks ready to take out the all-time high of $2,050.There’s no doubt that Amazon is one of the strongest Nasdaq stocks. The tech giant’s stock has been on a steep rise since January 2015. A quick look at the weekly chart reveals two reasons AMZN looks mega-bullish.The first reason is that the equity has respected the uptrend line for more than five years. AMZN has touched the diagonal support four times and every single time,…

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