Nice move incoming in the next week or 2.
Rising wedge setup here but looking inside the wedge and there range trade or (Flag setup) the range is 172-180
The 20sma has now move up to add support to the trendline around 175-176.. if Amzn breaks 175 then 172 is incoming. I dont think 172 will give way unless something very negative for amzn happens or overall market correction.
Im leaning long here to ATH or 188..
Entry:
A close above 180
Or
A retest of 20sma around 175-176..
Afterwards is expect a correction back to support or trendline around 160
Rising wedge setup here but looking inside the wedge and there range trade or (Flag setup) the range is 172-180
The 20sma has now move up to add support to the trendline around 175-176.. if Amzn breaks 175 then 172 is incoming. I dont think 172 will give way unless something very negative for amzn happens or overall market correction.
Im leaning long here to ATH or 188..
Entry:
A close above 180
Or
A retest of 20sma around 175-176..
Afterwards is expect a correction back to support or trendline around 160
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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.