Amazon seems to be forming a small head and shoulders, though it is not clean. But divergence is present. Best setup is to wait for price to approach the uptrend line again. Best risk-rewards to go long there. If the price breaks lower, setup could reverse to the short.
Target price for banks and funds ranges around $2000-$2400, so room to go up.
Good Luck!
Target price for banks and funds ranges around $2000-$2400, so room to go up.
Good Luck!
Note
Amazon is launching a new HD music streaming service to compete with Spotify and Apple Music, that should help long trades
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.