Long

AMZN touching a 7 year trend support 👁🚀

Updated

last time it bottomed out at this trend support was in June 2022, this pattern led to a rally from 101-146 (44.55%)

we are currently seeing the same pattern play out over a year later.. there are no guarantees in this market but a rally from 126.5 to 182 (roughly 44 % gain) may follow if we bounce here.🎯

definitely something to keep an eye on, boost and follow for more! 💙

Note

monthly chart, this trendline im talking about goes back to 2015! 8 years, will be 10 years soon enough

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more conservative targets are 147-160s pivot level, would be perfect if it pushed into that resistance though

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needs to hold this local trend support for short term bounce

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#AMZN still holding cluster support, bounce is likely

invalidation below 123 level

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wow wow wow. this aged like a fine wine from the finest vineyard. #onleonevibe

Trade closed manually

targets basically smashed, may slow down from here

Trade closed: stop reached

final target smashed, boom!

time to wait for the next sign. above 190.95 we look for more highs, below 175.62 we look for more downisde

Note

stop not reached for me, it was reached for the bears.. ;)

Note

give up/sell is not in the AMZN shareholder vocabulary, i think we may head sideways for a month or two then break 190, head to the 200s shortly after. just my opinion

Vibranium_Capital

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