AMZN has been consolidating in this channel for quite some time now and is forming what appears to be a very clear bullish ascending triangle off of a long-term uptrend line. As most already know, the DIA posting its worst week since October posting a 3.5% loss on the week with the SPY and NDAQ following posting losses of 1.9% and 0.2%, respectively. By no means is this a short-term play, however, certainly will be watching closely for a breakout at the end of this ascending triangle. The last time AMZN was consolidating in a parallel channel like this one we saw a breakout to new highs, AMZN has prime day coming up as well as earnings on 7/16' which could both serve as a catalyst for a nice run. Broader market conditions permitting-
PT1- $3,750
PT2- $4,000
PT3- $4,115
PT1- $3,750
PT2- $4,000
PT3- $4,115
Transaction en cours
AMZN hitting new ATH'sNote
Price Target 1 reached
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.