Amazon Breakout. Target: $3900

١٩ أغسطس ٢٠٢٠

Greetings. I’m bullish on AMZN given the ascending triangle pattern forming on the daily chart. 0n 18 Aug, AMZN closed above its historical resistance around $3251 with strong bullish volume. Once it breaks its all-time-high of 3344.29, I anticipate a primary target of $3900. The MACD and RSI (not shown) are both bullish.

Happy Trading!

٢٤ أغسطس ٢٠٢٠

تم فتح الصفقة

AMZN just broke through resistance and made an ATH. If it closes above resistance at the close the day, I'm shooting for the new target 4K.

٢٤ أغسطس ٢٠٢٠

تم إغلاق الصفقة يدويًا

Took profit..and will wait for retrace to complete.

٢٥ أغسطس ٢٠٢٠

تم فتح الصفقة

BTO 10/16 AMZN $4000 C

٢٥ أغسطس ٢٠٢٠

تم فتح الصفقة

BTO 9/18 AMZN $3500 C

٢٦ أغسطس ٢٠٢٠

ملاحظة

New Target: $4000

٣ سبتمبر ٢٠٢٠

ملاحظة

Don't be intimidated. The trend is still strong and bullish. Here's a 3D chart for the bigger picture:

٩ سبتمبر ٢٠٢٠

ملاحظة

Update: 09 Sep 20

1. AMZN delivered a reversal candle on daily chart with volume confirmation.
2. AMZN payed respect to the quarterly average (50EMA marked in orange), bounced, and now is back on the glide path to the upside.
3. New short-range resistance marked, trend-line (green) redrawn for support. Target is still 4K.
4. Trend remains extremely bullish.