AMAZON BREAKOUT $AMZN

9 de jul. de 2022

I believe Amazon is ready to break out after being in an Accumulation phase since the beginning of May, The Head and Shoulder Pattern was denied as buyers stepped at the 105-107 price level, and the large volume on June 30 confirms it. My entry Price would be $117, with an exit price of about $120. Alternatively, if price falls Below $112 it would indicate that there is a bigger correction period, and would be a good short opportunity it could easily drop below $100.

I am not a financial advisor, and this is just my personal view.