Seems like every time the market tanks AMZN goes to new all time highs and this week has been no exception.
Finally, however, it appears Amazon has hit some real resistance and could see a pullback before ultimately running to its first fib extension I have plotted at around 3965.
In the meantime there is a nice ascending channel that has formed and in the past we have seen these same channels in large trillion dollar market cap stocks run for multiple months and in many cases even years.
This is a play that has taken months and months to form and is now finally playing out. Do not expect this to end in a week or 2.
Although this moment is not the ideal spot for entry, one can conclude that much higher prices are on the horizon for the world's largest online retailer.
Finally, however, it appears Amazon has hit some real resistance and could see a pullback before ultimately running to its first fib extension I have plotted at around 3965.
In the meantime there is a nice ascending channel that has formed and in the past we have seen these same channels in large trillion dollar market cap stocks run for multiple months and in many cases even years.
This is a play that has taken months and months to form and is now finally playing out. Do not expect this to end in a week or 2.
Although this moment is not the ideal spot for entry, one can conclude that much higher prices are on the horizon for the world's largest online retailer.
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.