Amazon - This Could Be The Breakout Rally!

27 Nov

Amazon (AMZN) is creating a major breakout:



Click chart above to see the detailed analysis👆🏻

With this monthly candle, Amazon is finally breaking above the previous all time highs and could therefore start the next major bullish cycle. After a 5 year consolidation, a confirmed breakout will lead to an unbelievable short squeeze, which could bring us all the way up to the top of the channel.

Levels to watch: $200, $500

Keep your long term vision,
Philip (BasicTrading)

5 Dis

Dagangan aktif

Trading update on Amazon (AMZN):



Click chart above to see the detailed analysis👆🏻

After Amazon perfectly broke and actually also closed above the previous major resistance all time high, this stock is finally ready for another major bullish cycle. Looking at the channel, it seems like Amazon is preparing for a +150% move, which of course will take some time, but is very likely to actually play out.

Levels to watch: $200, $500

Keep your long term vision,
Philip (BasicTrading)

3 hari lalu

Dagangan ditutup: sasaran tercapai

Trading update on Amazon (AMZN):



Click chart above to see the detailed analysis👆🏻

I hope you guys are all still with me on Amazon because if we just look at previous all time high breakouts, you know what will happen next. So far Amazon already rallied +25% over the past couple of weeks but this is just the beginning of another bullish breakout cycle, targeting the top of the rising channel.

Levels to watch: $500

Keep your long term vision,
Philip (BasicTrading)