AMZN closed back above the top of a parallel channel containing it since 2023, the sixth such time after dipping below, read as pressure toward an eventual breakout and higher prices; near term bulls need a daily close tomorrow above today's candle for staying power, with support at $260.62.

Next up into some stocks starting off with Amazon. Nice day today, up nearly 5%. Now, the main takeaway today for Amazon, you can see I've got a larger inclining parallel channel that's contained price on Amazon all the way back here to 2023.

As we see though in a current price, today's price action closed in the top 50% of this parallel channel. Now, you know, that's not unheard of. Amazon's done it now several attempts.

Once, twice, three times, four times, five times. This is now the sixth time Amazon's closing back above this parallel channel after coming down beneath. So, that's a that's a big deal for Amazon, continually knocking on the door.

And what happens when you keep trying, folks, and you don't give up and you keep knocking on the door and you keep going for opportunities? Well, eventually a door is going to open for you and price will go up higher.

The key thing for bulls to watch tomorrow on Amazon, do we put in a daily close tomorrow above today's candle? If so, that breakout near-term has more staying power with support here at $26062.

We'll see if Amazon can continue pushing up with holidays right around the corner. Who knows, investors could be rotating into some retail potential plays.