demyanchuk
Short

Amazon: another rising wedge

NASDAQ:AMZN   AMAZON COM INC
Main signals:
Rising wedge with bottom line's breakout
RSI divergence

Sell now 757.30-757.00
Stop-loss 773.76 (+1 tic wedge's high)
Target 640.00 (Elliott's waves+strong price levels)
R\R ratio 1:7

Related Ideas

Vinny10
2 months ago
I saw the same thing as well. Too bad the pattern got invalidated (though I do see bearish div on daily & weekly)
Reply
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