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Amazon.com
Long
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Bullish- Long Play

399
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
Transaction en cours
AMZN hitting new ATH's
Note
Price Target 1 reached
jacobosiason7
Aussi sur:
AMZNascending_trianglebreakoutChart PatternsDIATechnical IndicatorsNDAQparallel_channelParallel ChannelSPDR S&P 500 ETF (SPY) Trend Analysis

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AMZNascending_trianglebreakoutChart PatternsDIATechnical IndicatorsNDAQparallel_channelParallel ChannelSPDR S&P 500 ETF (SPY) Trend Analysis
jacobosiason7
Aussi sur:

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.