I looked at the stock price jiggles of Amazon ( AMZN) on April 21, and wrote that "Aggressive traders could long AMZN at current levels risking to $100. $122 is our first upside price target. The $178 area is my longer-term objective."
With earnings expected on Thursday let's check the charts one more time of Amazon, which is a holding in the Action Alerts PLUS investing club.
In this updated daily bar chart of AMZN, below, I can see that prices tested the bottoming 200-day moving average line. Prices have retreated slightly, but this is not a rush to get through the door. AMZN is still above the rising 50-day moving average line. The On-Balance-Volume (OBV) line still shows a positive trend this calendar year. The Moving Average Convergence Divergence (MACD) oscillator is still in a positive move above the zero line. 
In this weekly Japanese candlestick chart of AMZN, I still see a positive picture. Prices are testing the bottoming 40-week moving average line. The weekly OBV line is still looking positive. The MACD oscillator has been improving and is just below the zero line.
In this daily Point and Figure chart of AMZN, below, I still see a potential upside price target in the $125 area.
In this weekly Point and Figure chart of AMZN, below, I see a price target of $178.
Bottom line strategy: The broad market averages are retreating Tuesday as traders and investors worry about the health of our banking system and other worries but stocks still are capable of responding positively to earnings beats. I have no special knowledge of what AMZN will tell shareholders and analysts on Thursday but the charts and indicators show me a positive picture.
(AMZN is a holding in the Action Alerts PLUS member club . Want to be alerted before AAP buys or sells stocks? Learn more now. )
