[AMAZON] REBOUND?

Good morning Traders!
From a technical point of view, the structure looks at a potential technical rebound, at least as long as the price manages to remain within the uptrend channel, the resistance/target levels are shown on the daily chart.
Strategy: Wait for pullback on minor time frames and try to take long position with an open eye on the R/R ratio.

COMPANY PROFILE

Amazon.com, Inc. offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The Company, through its subsidiary, Whole Foods Market, Inc., offers healthy and organic food and staples across its stores. The Company also offers a range of products like whole trade bananas, organic avocados, organic large brown eggs, organic responsibly-farmed salmon and tilapia, organic baby kale and baby lettuce, animal-welfare-rated 85% lean ground beef, creamy and crunchy almond butter, organic gala and fuji apples, organic rotisserie chicken.

Sector: Retail Trade
Industry: Internet Retail
Employees: 647.500

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Trade closed: target reached:

Comment:

STILL BULLISH....