Amazon.comLong
Amazon: Jan 30, 2024
Updated
Analyst: Shane Hua (CEWA - Master Candidate),
Since the low of 81.43 I started to see the Bull market move higher, and there was no doubt that this was an Impulse wave. I would like to see Amazon continue to rise even higher.
Here is my forecast:
Bottom line: Amazon will continue to move higher with the 5th wave.
The big context shows that the Bull market is a Major trend. The short-term outlook will continue to move higher, while the price remains high at 144.05, something is wrong with a move lower, calling for a reassessment of the situation. In the short term, the low of 154.56 can be relied on to manage the risk of trading positions.
Since the low of 81.43 I started to see the Bull market move higher, and there was no doubt that this was an Impulse wave. I would like to see Amazon continue to rise even higher.
Here is my forecast:
Bottom line: Amazon will continue to move higher with the 5th wave.
The big context shows that the Bull market is a Major trend. The short-term outlook will continue to move higher, while the price remains high at 144.05, something is wrong with a move lower, calling for a reassessment of the situation. In the short term, the low of 154.56 can be relied on to manage the risk of trading positions.
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