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TraderMagz
Dec 31, 2020 3:22 PM
Amazon broke out and is retesting
Long
NASDAQ:AMZN
1D
Amazon.com, Inc.
NASDAQ
Description
⋅
Dec 31, 2020 3:22 PM
Amazon has been consolidating for a few months and has broke out of the triangle.
It is currently retesting the top of the triangle, potentially confirming the breakout.
Long if the top triangle line holds as support.
Take Profit at the 1.618 Fib extension
Trend Analysis
Technical Indicators
Fundamental Analysis
amazon
nasdaq
LONG
long-term
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