For over two years, Amazon's price has been moving within the green channel, with the only exception being in August 2024 when a panic selling affected all markets after the poor US employment data.
At the moment, it is likely that after touching the bottom of the channel at $204, it will rise to $250 in the coming weeks
In case the price drops below $204, this idea is void
At the moment, it is likely that after touching the bottom of the channel at $204, it will rise to $250 in the coming weeks
In case the price drops below $204, this idea is void
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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.