Amazon (
AMZN) will create the bottom soon:
Click chart above to see the detailed analysis👆🏻
The trend on Amazon is clearly towards the upside and the recent correction of about -30% did not change that at all. Rather, we are now witnessing an extremely bullish all time high break and retest and therefore, if Amazon actually creates bullish confirmation, this could form a bottom.
Levels to watch: $180
Keep your long term vision,
Philip (BasicTrading)
AMZN) will create the bottom soon:Click chart above to see the detailed analysis👆🏻
The trend on Amazon is clearly towards the upside and the recent correction of about -30% did not change that at all. Rather, we are now witnessing an extremely bullish all time high break and retest and therefore, if Amazon actually creates bullish confirmation, this could form a bottom.
Levels to watch: $180
Keep your long term vision,
Philip (BasicTrading)
Trade active
Amazon - AMZN - still perfectly respects structure:(click chart above to see the in depth analysis👆🏻)
Overall, it is still not a surprise at all that major tech stocks are starting to reverse at the current levels. Amazon for example just perfectly retested the previous all time high structure and is about to create bullish confirmation. There is a very high chance, that this constitutes the official bottom.
Levels to watch: $180
Keep your long term vision!
Philip (BasicTrading)
Trade closed: target reached
Amazon - AMZN - now starts the next major move:(click chart above to see the in depth analysis👆🏻)
With the perfect creation of the bullish wick during April 2025, Amazon fulfilled its destiny and is now starting the bullish break and retest continuation. The next target is simply the upper channel resistance trendline, so a move of about +30% is my next prediction here.
Levels to watch: $250
Keep your long term vision!
Philip (BasicTrading)
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Free: SwingTrading-Academy👇
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
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.