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traderchamp_
Jan 23, 2023 6:05 PM

AMZN WITH THE EXPANDING CHANNEL BREAKOUT FOR A REVERSALΒ Long

Amazon.com, Inc.NASDAQ

Description

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AMZN did a bullish breakout on the upper boundary where we have a chance of seeing a rally ahead back toward the target close to 120+ on the chart. If the price can follow up the bullish sentiment in the future we can expect a decent recovery from the following expanding channel identified.

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Comments
elisanascar
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Well, I’m hoping to get in at the 80ish range.
traderchamp_
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@elisanascar, Cheers!!
jehammo
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Eventually will fill the gap to 135. When? We'll see how earnings turn out. Doesn't look well for P/E expansion, more like compression. Rates still rising.
traderchamp_
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@jehammo, Thanks for sharing your opinion mate!
mustafakartal7172
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Big dump
traderchamp_
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@mustafakartal7172, Let's see how it goes
TradingBrokersView
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Good look at the market, I think the price will reach that target sooner or later.
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