AMZN Review
Amazon is trying to print new ATH after almost a year of sideways consolidation. I posted another analysis on hourly chart of how AMZN could potentially have false break out here.
What’s very interesting that Apple is also trying to test ATHs today after 10 months of essentially sideways move, but most of the market is not participating, all other areas of the market are down today including overall S&P. This doesn’t exactly indicates confidence in overall market, but let’s see if new ATH holds. If it does, price move to the upside should be huge considering size of the consolidation. I’m still skeptical, but of course market can prove me wrong.
What’s very interesting that Apple is also trying to test ATHs today after 10 months of essentially sideways move, but most of the market is not participating, all other areas of the market are down today including overall S&P. This doesn’t exactly indicates confidence in overall market, but let’s see if new ATH holds. If it does, price move to the upside should be huge considering size of the consolidation. I’m still skeptical, but of course market can prove me wrong.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.