Vibranium_Capital

AMZN touching a 7 year trend support πŸ‘πŸš€

Long
Vibranium_Capital Updated   
BATS:AMZN   Amazon.com
last time it bottomed out at this trend support was in June 2022, this pattern led to a rally from 101-146 (44.55%)

we are currently seeing the same pattern play out over a year later.. there are no guarantees in this market but a rally from 126.5 to 182 (roughly 44 % gain) may follow if we bounce here.🎯

definitely something to keep an eye on, boost and follow for more! πŸ’™
Comment:
monthly chart, this trendline im talking about goes back to 2015! 8 years, will be 10 years soon enough
Comment:
more conservative targets are 147-160s pivot level, would be perfect if it pushed into that resistance though
Comment:
needs to hold this local trend support for short term bounce
Comment:
#AMZN AMZN still holding cluster support, bounce is likely

invalidation below 123 level
Comment:
wow wow wow. this aged like a fine wine from the finest vineyard. #onleonevibe
Trade closed manually:
targets basically smashed, may slow down from here
Trade closed: stop reached:
final target smashed, boom!

time to wait for the next sign. above 190.95 we look for more highs, below 175.62 we look for more downisde
Comment:
stop not reached for me, it was reached for the bears.. ;)
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