Amazon Stock Analysis
Amazon stock - do we have a replay here, and the stock is on its way to conquering new records? Targets this simulation will lead amazon to 4120 area and maybe even to 4600$
You can see that in 2020, we also had a pattern of a long shuffle, with a simulated break, and the creation of a gap below, when in March, the stock set a bottom and went out again to the breakout area, and in April increased to do and broke to new highs, Will we see the same move now?
First, we have a few things to close:
1. Open gap
2. Convincing breakout area 3780
If and assuming these conditions are accepted, then one should expect to see the areas of 4120 and possibly even 4600
 |
| Amazon Stock Analysis |
 |
| Amazon Stock forecast |
 |
| Amazon technical Analysis |
Another thing that is worth checking out is the Fang Index (is an index that provides exposure to 10 highly-traded tech giants – amazon is one of them)
There you can see 2 technical templates that are emerging
Cup and handle Harmonic pattern
W Harmonic pattern
This review does not include any document and/or file attached to it as advice or recommendation to buy/sell securities and/or other advice
No comments:
Post a Comment