AMZN Approaching Heavy Resistance

١٦ يونيو ٢٠٢١

AMZN is approaching the upper band of it's 11 month range. I don't expect a breakout to new ATH's, but certainly we may see a retest of the ATH around 3,550 as early as this week (unless the Fed disappoints markets this afternoon by hiking the IOER or RRP/even mentioning tapering bond purchases), followed by a potential retest of the lower band around 2,950.