Amazon.comPanjang
#AMZN Looking for imminent Breakout
Saw an interesting article on Amazon Prime Day having a positive impact on the stock. However, looking back on the past 4 years and at the periods up to a month after the Prime days, I actually found an average negative impact.
AMZN has been trading in a channel for about a year since it's massive rise last year June 2020. It has tested the 3500 channel ceiling a couple times. With Prime day this Monday and Earnings reported later in July (29th), this could be a catalyst for AMZN to breakout of the channel. Looking at the recent increase, it is above the Moving Averages and RSI indicator now over 70, I expect a very short pullback at best and for this breakout to potentially happen before the Earnings release.
AMZN has been trading in a channel for about a year since it's massive rise last year June 2020. It has tested the 3500 channel ceiling a couple times. With Prime day this Monday and Earnings reported later in July (29th), this could be a catalyst for AMZN to breakout of the channel. Looking at the recent increase, it is above the Moving Averages and RSI indicator now over 70, I expect a very short pullback at best and for this breakout to potentially happen before the Earnings release.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.