 Hello, everyone and welcome. My name is Melissa Armell and I wanted to review Amazon today. It's Sunday Markets closed today However, Amazon reports Thursday night this week October 26, and it's a it's a big report for Amazon And let's review why let's just take a look at the daily chart here the stock So the earnings report for Amazon are the 26th of October And I think it's a really important report because the last earnings report Gapped the stock gap down and fail and the stock actually has not made it over the high of that day at all And actually since July so the previous high here This is the last year and report which the stock gap down high of this bar is 10 32 85 and the stock hasn't gotten over it It tried Very briefly here one time 1022 got within 10 points Just a couple of days ago But it was a measly try actually because this is you know a couple of months of trading and the market's been making new Highs literally every week and this stock has not followed through with the market The other reason why it's important to take a look at the report this week for Amazon again, which is Thursday night Is because the stock isn't enough trend currently it really is it's very strong But this is will be the first report since the takeover of Whole Foods So Amazon purchased Whole Foods for 13.7 billion Back in August this was when the sale went through and so it'll be interesting to see here what they report Now that that's taken place and I think it needs to be a good a good report. I think it needs to be a good reaction I think it I think it's really important to see what happens for the stock and I'm not saying if the stock gaps down that it's going to collapse and go from an uptrend to a downtrend It is still holding the downtrend here It would have to go, you know very far down for it to break trend, but sometimes when you get gap downs They start they move in a different direction in a change in trend It would be much better for the stock to gap up On the earnings this week, which would be then Friday morning It would be gap up Thursday night open Friday morning strong They'll be the best thing for the stock to do particularly as I said because the stock has not followed through with the market here Since the failed earnings hasn't gotten over the high that day and this will be the first report since the takeover of Whole Foods Which was a new venture for Amazon and also, you know, they paid a lot of money for it So we'll see what happens, but I think this is the most important earnings for this week and could affect the market as well So definitely will be watching this Thursday night if you have any questions or you want to learn more on gaps You can feel free to email me at Melissa at the stocks wish calm. Thanks everyone and have a great day