AMZN Next Move?
Drawing the Fibonacci from the high to a pull back leads us to the .618 profit zone, where price is currently. Next, we're at a very strong zone where price will be determined bullish or bearish for the upcoming months once broken. Make sure you watch carefully! My personal prediction is that price will make new highs, targeting 200 zone then 220.
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.