AMZN Chart and TA:
Bull flag/pennant it has formed on the 4hr and daily.
If it breaks out of that to the upside with a strong volume candle, it should fill the gap at $226.67 then test the resistance levels overhead as it tries to push to $231.50 short term. Measured move if it can sustain the upside breakout would put it in that $235-$240 range.
If it breaks to the downside to invalidate the bullish setup, it will test that trend line and $218.16 support confluence. If that breaks, it would short term head to $214.31 to test and potentially head back to $200 if that can't hold.
Bull flag/pennant it has formed on the 4hr and daily.
If it breaks out of that to the upside with a strong volume candle, it should fill the gap at $226.67 then test the resistance levels overhead as it tries to push to $231.50 short term. Measured move if it can sustain the upside breakout would put it in that $235-$240 range.
If it breaks to the downside to invalidate the bullish setup, it will test that trend line and $218.16 support confluence. If that breaks, it would short term head to $214.31 to test and potentially head back to $200 if that can't hold.
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.