Amazon.com, Inc.
Long

Amazon (AMZN) Has Another Spike Pending Despite Selling Pressure

230
The stock price has built very clear bullish impulse

4 out of 5 large yellow waves are accomplished
Final wave 5 is in progress
4 out of 5 white subwaves are done

Last white wave 5 of large final yellow wave 5 kicked off last month
We've got only the first blue wave 1 completed
Blue wave 2 is about to finish soon
Blue waves 3-4-5 are expected to follow

Top of white wave 3 should be retested at $279 as the minimum target
Next is set at 61.8% of large yellow waves 1-3 in wave 5 at $296

Bearish trigger is set at $220 where white wave 1 peaked

Haftungsausschluss

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