Nice move incoming in the next week or 2.
Rising wedge setup here but looking inside the wedge and there range trade or (Flag setup) the range is 172-180
The 20sma has now move up to add support to the trendline around 175-176.. if Amzn breaks 175 then 172 is incoming. I dont think 172 will give way unless something very negative for amzn happens or overall market correction.
Im leaning long here to ATH or 188..
Entry:
A close above 180
Or
A retest of 20sma around 175-176..
Afterwards is expect a correction back to support or trendline around 160
Rising wedge setup here but looking inside the wedge and there range trade or (Flag setup) the range is 172-180
The 20sma has now move up to add support to the trendline around 175-176.. if Amzn breaks 175 then 172 is incoming. I dont think 172 will give way unless something very negative for amzn happens or overall market correction.
Im leaning long here to ATH or 188..
Entry:
A close above 180
Or
A retest of 20sma around 175-176..
Afterwards is expect a correction back to support or trendline around 160