AMAZON Inc. (AMZN) has been trading within a 18-month Bullish Megaphone pattern whose latest bottom was on the April 07 2025 Low. Since then, the pattern has started its new Bullish Leg, which has been confirmed by the break-out above its 1D MA50 (blue trend-line) and the 1W RSI's above its MA.
The previous two Bullish Legs hit at least their 3.5 Fibonacci extension levels and the 2nd Bullish was +30% more than the 1st. If the stock achieves a +60% gain from its April bottom again, it will be almost exactly on its 3.5 Fib ext.
As a result, we believe that a $255 Target (on the 3.5 Fib), is more than realistic to be achieved by September.
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The previous two Bullish Legs hit at least their 3.5 Fibonacci extension levels and the 2nd Bullish was +30% more than the 1st. If the stock achieves a +60% gain from its April bottom again, it will be almost exactly on its 3.5 Fib ext.
As a result, we believe that a $255 Target (on the 3.5 Fib), is more than realistic to be achieved by September.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。