- Amazon broke resistance zone
- Likely to rise to resistance 240.00
Amazon recently broke the resistance zone between the resistance level 227.30 (top of the previous impulse wave i) and the resistance trendline of the daily Rising Wedge from May.
The breakout of this resistance zone accelerated the active impulse wave 5 of the intermediate impulse sequence (C) from April.
Given the strength of the active impulse wave 5, Amazon can be expected to rise further to the next resistance level 240.00 (former multi-month high from February and the target price for the completion of the active impulse wave iii).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.