Direct answer
Amazon can rise due to strong AWS growth and consumer demand.
Most likely bullish catalysts
AWS growth beats estimates
Improving aws growth beats estimates can support a stronger bid in Amazon.
Retail margins expand
Improving retail margins expand can support a stronger bid in Amazon.
Growth sentiment improves
Improving growth sentiment improves can support a stronger bid in Amazon.
What confirms the rally
- Confirm the move is supported by aws growth rather than a thin short squeeze.
- Check whether leadership across related stock markets is also improving.
- Only trust continuation if the chart holds gains after the first impulsive push.