Technical Summary: The stock of AMZN has been a wonderful stock for anyone that has bought it at virtually any stage on the five year chart to the right. The stock has consistently found its way onwards to new highs, often quickly. This trend has continued through 2017 and into 2018. It appears as if the stock is looking to consolidate its previous gains and has started to behave in quite a volatile fashion in what looks to be the start of a basing period. This was after a dramatic run that began in October 2017 after a gap up after a positive earnings update. The stock gapped as well on a recent update, however it did not show the same strength as earlier and appears to be looking to consolidate.