Amazon Breakout. Target: $3900

2020年8月19日

Greetings. I’m bullish on AMZN given the ascending triangle pattern forming on the daily chart. 0n 18 Aug, AMZN closed above its historical resistance around $3251 with strong bullish volume. Once it breaks its all-time-high of 3344.29, I anticipate a primary target of $3900. The MACD and RSI (not shown) are both bullish.

Happy Trading!

2020年8月24日

交易开始

AMZN just broke through resistance and made an ATH. If it closes above resistance at the close the day, I'm shooting for the new target 4K.

2020年8月24日

交易手动结束

Took profit..and will wait for retrace to complete.

2020年8月25日

交易开始

BTO 10/16 AMZN $4000 C

2020年8月25日

交易开始

BTO 9/18 AMZN $3500 C

2020年8月26日

注释

New Target: $4000

2020年9月3日

注释

Don't be intimidated. The trend is still strong and bullish. Here's a 3D chart for the bigger picture:

2020年9月9日

注释

Update: 09 Sep 20

1. AMZN delivered a reversal candle on daily chart with volume confirmation.
2. AMZN payed respect to the quarterly average (50EMA marked in orange), bounced, and now is back on the glide path to the upside.
3. New short-range resistance marked, trend-line (green) redrawn for support. Target is still 4K.
4. Trend remains extremely bullish.