It is a common move for stocks/ETF's that have been consolidating for a long time, to make a strong move upward before consolidating again.
Amazon has been consolidating for about 12 months now.
Breakout is with 100% more intraday volume, than its 10-day average.
Targets
Target 1 is a measured move by drawing the 12-month consolidation period.
Target 2 is a potential move based on the uptrend from april 2020, up to the consolidation.
Amazon has been consolidating for about 12 months now.
Breakout is with 100% more intraday volume, than its 10-day average.
Targets
Target 1 is a measured move by drawing the 12-month consolidation period.
Target 2 is a potential move based on the uptrend from april 2020, up to the consolidation.
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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.
Related publications
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.