AMZN looks poised to breakout after a long period of consolidation. Waiting for it to break above the channel and close with at least one large bullish candle before initiating trade. P/E ratio has compressed. Now at 80.7595. AMZN could easily hit $3,750-$4,000.
"The bigger the base, the higher the space"
"The bigger the base, the higher the space"
Note
Waiting for one more bullish candle close then initiating a position. Took a nibble today. Note
initiating a full position** dipped my toes todayTrade active
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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.