Amazon Breakout. Target: $3900

19 ago 2020

Greetings. I’m bullish on AMZN given the ascending triangle pattern forming on the daily chart. 0n 18 Aug, AMZN closed above its historical resistance around $3251 with strong bullish volume. Once it breaks its all-time-high of 3344.29, I anticipate a primary target of $3900. The MACD and RSI (not shown) are both bullish.

Happy Trading!

24 ago 2020

Operación activa

AMZN just broke through resistance and made an ATH. If it closes above resistance at the close the day, I'm shooting for the new target 4K.

24 ago 2020

Operación cerrada manualmente

Took profit..and will wait for retrace to complete.

25 ago 2020

Operación activa

BTO 10/16 AMZN $4000 C

25 ago 2020

Operación activa

BTO 9/18 AMZN $3500 C

26 ago 2020

Nota

New Target: $4000

3 sept 2020

Nota

Don't be intimidated. The trend is still strong and bullish. Here's a 3D chart for the bigger picture:

9 sept 2020

Nota

Update: 09 Sep 20

1. AMZN delivered a reversal candle on daily chart with volume confirmation.
2. AMZN payed respect to the quarterly average (50EMA marked in orange), bounced, and now is back on the glide path to the upside.
3. New short-range resistance marked, trend-line (green) redrawn for support. Target is still 4K.
4. Trend remains extremely bullish.