Amazon channel is turning bearish to $134.51 watch out

Amazon has had an incredible run. It's moved from $118 to $188 since November 2023.

But now it looks like the momentum is starting to slow down.

We haven't got a confirmed signal but we see a slow down in buying and the market is at the bottom of the channel.

There is still a gap to close and for the this reason, I'm anticipating a fall in Amazon in the next few weeks. THe first target will be at $134.51 and will be a medium term analysis.