Amazon.com, Inc.
Long
Updated

Amazon - Preparing a textbook position!

2 711
🎁Amazon (AMZN) is really almost ready:
snapshot

🔎Analysis summary:
Amazon has been holding a textbook support trendline basically since 1997. And at this exact moment, Amazon is once again retesting this massive trendline. Together with the all time high break and retest, Amazon is setting up for a textbook swingtrading setup.

📝Levels to watch:
$250

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)
Trade active
🎁Amazon (AMZN) is now back at support:
snapshot

🔎Analysis summary:
After waiting for only one month, Amazon is already ready for another textbook position. With the underlying uptrend, Amazon is now retesting the major lower support trendline. We just have to see bullish confirmation and Amazon is ready to rally.

📝Levels to watch:
$250

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)
Trade closed: target reached
🎁Amazon (AMZN) is nicely rejecting the level:
snapshot

🔎Analysis summary:
Just as Amazon was retesting the major support trendline, bulls started stepping in quite aggressively. And looking at the higher timeframe uptrend, this retest seems to be a textbook swingtrade. We just have to see bullish confirmation on Amazon soon.

📝Levels to watch:
$250

Keep your #LONGTERMVISION🙏
— Phil (TheTraderPhil)

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