Amazon.com has been moving lower recently
retracing back in it's pattern ,
after a notable "Top Below a Top " breakdown,
seen here on the Daily Line/Break chart.
However, moving back to an intermediate term analysis,
6-12 Months out on the stock, I am seeing a potential very bullish setup in the making.
An Inverse Head and Shoulder's Pattern could be developing,
on any additional pullback down to the 1800-1775 price point.
The idea here is to wait, for an additional pullback in the stock.
This bullish chart setup, or accumulation,
could set the stage,for an AMZN move back above 2000,.. and beyond
as the company's online retail superiority clearly grows, dwarfing all competitors worldwide.
Simply a class act, second to none.
THE_UNWIND
5/29/19
NEW YORK
retracing back in it's pattern ,
after a notable "Top Below a Top " breakdown,
seen here on the Daily Line/Break chart.
However, moving back to an intermediate term analysis,
6-12 Months out on the stock, I am seeing a potential very bullish setup in the making.
An Inverse Head and Shoulder's Pattern could be developing,
on any additional pullback down to the 1800-1775 price point.
The idea here is to wait, for an additional pullback in the stock.
This bullish chart setup, or accumulation,
could set the stage,for an AMZN move back above 2000,.. and beyond
as the company's online retail superiority clearly grows, dwarfing all competitors worldwide.
Simply a class act, second to none.
THE_UNWIND
5/29/19
NEW YORK