gremlin

AMZN back to the highs

Long
BATS:AMZN   Amazon.com, Inc
0
Downtrend channel is broken, stochastics reversed above 50 and CCI should cross the zero line tomorrow.
First target is at 245, then I expect a pullback to 237 and finally the price should jump back to the highs. AMZN rallied every year (except 2000) to new highs from mid/end November to December.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.