TradingView
KevinChristopherBest
Apr 30, 2021 8:36 AM

AMZN Forecast - Uptrend triangle  Long

Amazon.com, Inc.NASDAQ

Description

Traders and Investors a big Welcome !

Overview on a bigger scale of the chart !



* Few technical points:

1. MACD gives indications that bullish candlesticks start becoming less bigger than the previous ones; which might indicate that bulls are less in control. However the last two ones are becoming bigger, for that reason it might be possible that price actions continue to grow a little bit more and a better short could be considered higher

2. Prices are still in consolidation between different price levels. (support and demand)

3. Uptrend ascending triangle chart pattern. Which might again provide a more certain outcome of uptrend break-out

Like always, feel free to comment, like and subscribe.

Thank you and take care !

Kevin C. Best
Comments
More