The last time AMZN ran, it was up 450 points in 12 days in Aug. It has a longer triangle this time but a weaker RSI. Amazon as a monopoly is experiencing its best time. Is there always a Dec run out of seasonality? Gun to my head, I would be long for the inevitable breakout. 3500 is a reasonable target. Could the weakness be related to its cloud business losing market share to MSFT and GOOGL?
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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.