Amazon.comLong
AMZN to reach new highs after Q4 earnings - iH&S spotted
Interesting setup developing on AMZN chart. We can see an inverse H&S near completion. In this case, the neckline corresponds with the 200 MA and Q4 earnings date on January 31st. Strong holiday business + black friday sale could possibly lead to a positive surprise and add to the positive momentum, confirming a sustained trend reversal.
Let's see how this plays out.
A like is highly appreciated in case you enjoy this idea! =)
Let's see how this plays out.
A like is highly appreciated in case you enjoy this idea! =)
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