$AMZN - Bottom is in
The move on Friday makes me think bottom is in here. We are in the process of seeing a 5 wave impulse that is going to take us up to 3800 (We are in wave 1 of it). I do believe amazon is still destined for 4k plus soon, possibly by EOY or early next year, but this tends to be slow moving.
Bull signs - huge breakout Friday on the largest volume since the ER selloff. See the pink line on volume for comparison. We had macd divergence& bull cross as well as rsi divergence. This is all I need to know.
Mind you we are approaching a potential wave 1 top here at the 3550 range, from there I expect we will sell off a bit and that is the dip to buy with both hands
Bull signs - huge breakout Friday on the largest volume since the ER selloff. See the pink line on volume for comparison. We had macd divergence& bull cross as well as rsi divergence. This is all I need to know.
Mind you we are approaching a potential wave 1 top here at the 3550 range, from there I expect we will sell off a bit and that is the dip to buy with both hands
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.