Get started
EBITDAtiger

AMZN buy set-up forming

Long
Amazon.com (NASDAQ:AMZN)  
EBITDAtiger Updated   
NASDAQ:AMZN   Amazon.com
Parallel Channel consolidation consolidation-breakout multiplecompression
2
0
parallelchannel consolidation consolidation-breakout multiplecompression
AMZN looks poised to breakout after a long period of consolidation. Waiting for it to break above the channel and close with at least one large bullish candle before initiating trade. P/E ratio has compressed. Now at 80.7595. AMZN could easily hit $3,750-$4,000.

"The bigger the base, the higher the space"
Comment:
Waiting for one more bullish candle close then initiating a position. Took a nibble today.
snapshot
Comment:
initiating a full position** dipped my toes today
Trade active
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.