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jacobosiason7

Bullish- Long Play

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Amazon.com (NASDAQ:AMZN)  
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NASDAQ:AMZN   Amazon.com
Trend Analysis Chart Patterns Technical Indicators breakout ascending_triangle DIA NDAQ SPDR S&P 500 ETF (SPY) parallel_channel Parallel Channel AMZN
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trendanalysis chartpattern indicator breakout ascending_triangle dia ndaq spy parallel_channel parallelchannel amzn
AMZN has been consolidating in this channel for quite some time now and is forming what appears to be a very clear bullish ascending triangle off of a long-term uptrend line. As most already know, the DIA posting its worst week since October posting a 3.5% loss on the week with the SPY and NDAQ following posting losses of 1.9% and 0.2%, respectively. By no means is this a short-term play, however, certainly will be watching closely for a breakout at the end of this ascending triangle. The last time AMZN was consolidating in a parallel channel like this one we saw a breakout to new highs, AMZN has prime day coming up as well as earnings on 7/16' which could both serve as a catalyst for a nice run. Broader market conditions permitting-

PT1- $3,750
PT2- $4,000
PT3- $4,115
Dagangan aktif:
AMZN hitting new ATH's
Komen:
Price Target 1 reached

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jacobosiason7
Falling Wedge - Earnings Play
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