Amazon - The +150% All Time High Breakout!

29 ott

Amazon (AMZN) is hugging the previous all time high:



Click chart above to see the detailed analysis👆🏻

Amazon has been moving sideways for almost four years, consolidating between support and the previous all time high. After retesting the resistance over and over again, it is just a matter of time until Amazon will break the previous all time high and start its next major bullish cycle.

Levels to watch: $190, $500

Keep your long term vision,
Philip (BasicTrading)

1 nov

Trade attivo

Trading update on Amazon (AMZN):



Click chart above to see the detailed analysis👆🏻

Just a couple of days after this analysis was published, Amazon breaks above the long term all time high resistance. This is now the confirmation that we will see the continuation of the 5 year bullish cycle, with the next resistance being at the top of the rising channel pattern.

Levels to watch: $500

Keep your long term vision,
Philip (BasicTrading)

l’altro ieri

Trade chiuso: obiettivo raggiunto

Trading update on Amazon (AMZN):



Click chart above to see the detailed analysis👆🏻

I am just once again bringing your attention to the all time high breakout on Amazon. This month alone, we saw a strong rally of more than +10%, basically moving much stronger than all indices. Since the next resistance is the channel trendline, Amazon can rally more than +100% over the next couple of months.

Levels to watch: $500

Keep your long term vision,
Philip (BasicTrading)