If we look at the chart of AMZN, we can see that $236 has become an important resistance level.
So far, it's been tested multiple times which means that resistance has weakened. I do think that next time we get up to that level, it'll likely break and we can see higher prices.
On top of the resistance being weakened, there's a massive cup and handle forming on the chart. If we end up breaking resistance, the measured target would be the $313 resistance.
I've marked off other important levels on the chart should price break that key resistance level.
Let's see how it plays out over the coming month. Will likely start accumulating calls on any dips.
So far, it's been tested multiple times which means that resistance has weakened. I do think that next time we get up to that level, it'll likely break and we can see higher prices.
On top of the resistance being weakened, there's a massive cup and handle forming on the chart. If we end up breaking resistance, the measured target would be the $313 resistance.
I've marked off other important levels on the chart should price break that key resistance level.
Let's see how it plays out over the coming month. Will likely start accumulating calls on any dips.
注释
There we go. Massive move
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