nmike

AMAZON weekly

Long
BATS:AMZN   Amazon.com, Inc
2
That's one long HAMMER . A classic example of a reversal candle stick pattern at support with an oversold stochastic .
Normally I would like to see what the next candle looks like because this hammer is considered a NAKED HAMMER (not confirmed), but due to the size of the hammer's shadow, it is likely that Amazon will move higher.Near term price target $247

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