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
Dagangan aktif
AMZN hitting new ATH'sNota
Price Target 1 reached
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.
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.