Amazon managed this week to break its short-term downtrend (shown below) and notably, RSI has not been at oversold levels since Nov 2016, signalling the strength of the trend the stock remains in.
With nothing but blue skies above, we need to look at the monthly chart to look for target price. Monday's low coincided with the 17.944x Fibonacci extension as measured from the December 1999 high to the October 2001 low. As long as price remains above that extension level of 1,934 then the next target in play is the next Fibonacci extension level, 54% higher at 3,126 on a longer-term view.
From a shorter-term perspective, Monday's swing low of 1,865 is the level to watch to manage risk.