AMZN to enter long term side ways
Updated
AMZN has had a wild ride the past month, marking a double top for a recent rally that nearly doubled it from 1200. We can see that a D shaped profile is starting to form between 1340 and 2000. This could be the new trading range for AMZN for the next one or two years. The best strategy here is to long at bottom and short at top.
Note
Friday update: If Friday's action puts in a higher high for AMZN, we might be going back to visit 2k before eoy.
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