Amazon shares have continued to gain upward momentum, reaching a new all-time high above $259. Although price saw a notable pullback afterward, it has recently shown renewed signs of strength. We primarily expect further price gains as part of a corrective upward move, with a top forming somewhere between $259 and $282.38. Once this high is in place, the stock is likely to turn lower and fall below support at $220.47. Alternatively, the (corrective) high may already be in. In this case, AMZN would move directly into a downward trend and drop below support at $220.47 (probability: 30%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.