jangseohee
Short

AMZN, negotiating with resistance

NASDAQ:AMZN   AMAZON COM INC
794 8 5
AMZN             has been in a downtrend consolidating pattern since Jan 2014 forming a HUGE descending triangle .
Price is testing repeatedly on the resistance by descending triangle .

Beware of price break out and go for 346.05
lol I think it has already broke out on the weekly chart.
Reply
jangseohee JohnKeverich
Connecting all the lower highs, mine not yet :-)
Reply
jangseohee JohnKeverich
Hi John,
It actually up gap and broke the resistance for one day on 28th Nov, followed by a bearish engulfing to bring it back :-)
Reply
2use JohnKeverich
I would count it if it closes above a trend , just being there can be a fakeout
+1 Reply
Great chart.
Reply
Thanks YW
Reply
IvanLabrie PRO jangseohee
Surgical strike ;)
Reply
jangseohee IvanLabrie
If that pattern works well :-)
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