I'm still bullish on Amazon 👌
The stock price has been consolidating for a while and it is approaching the breakout momentum.
From my point of view the triangle isn't yet broken. I've only readjusted the possible price trajectory from the last touch at the bottom of the triangle.
They recently had their best quarter ever, and nothing but good news comes from the company. From the AWS side:
AWS launches Amazon Location for developers, AWS introduces their Chaos Engineering tools as a service offering, Nationwide selects AWS as its preferred cloud provider to deliver digital experiences to customers, Star Alliance goes all-in with AWS... etc.
Hopefully, the pessimism of some investors is already appeased.
If for some reason the breakout is bearish. I'm already with my stop loss to break-even, and of course, that would be a great opportunity to buy cheaper.
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨
Have a good day! 🤟
From my point of view the triangle isn't yet broken. I've only readjusted the possible price trajectory from the last touch at the bottom of the triangle.
They recently had their best quarter ever, and nothing but good news comes from the company. From the AWS side:
AWS launches Amazon Location for developers, AWS introduces their Chaos Engineering tools as a service offering, Nationwide selects AWS as its preferred cloud provider to deliver digital experiences to customers, Star Alliance goes all-in with AWS... etc.
Hopefully, the pessimism of some investors is already appeased.
If for some reason the breakout is bearish. I'm already with my stop loss to break-even, and of course, that would be a great opportunity to buy cheaper.
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨
Have a good day! 🤟
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