AMAZON LongAmazon has been bullishly consolidating for the past 2 months, underperforming against the other top companies in the tech sector. Now it has broken out and a break and close above 190 would confirm this breakout on Monday.
We are long on this asset and will long every retracement using the prior low as to place our stop loss below.
The targets are the all time 1.272 and 1.618 extensions which will be the minimum to target on this run