Amazon.comUpdated AMZN is looking for an uptrend
AMZN hits the target of double top. After reaching the target area, it will form a V-shaped bottom, and if it is maintained, it will form two double bottoms, which makes the stock set for an upward trend.
Trade closed: target reached
The stock has reached 1.27% of the length of the 2021-2023 corrective wave, achieving gains of approximately 196%. On the monthly timeframe, a divergence has occurred between the stock and the RSI indicator.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.