Will $AMZN repeat its last pump?
Lets take a look....
What we know from the last pump...
How are we currently looking?
Right now we have great upward squeeze happening.
$AMZN has been consolidating for the past 17 months.
Along with this a very common Bullish pattern has formed known as a Double Bottom.
We also have strong Bullish RSI Divergence along with volume thinning out on the MACD.
Having volume thin out like this over an extended period of time means a big move is coming....
A great buy signal would be once prices break ATH's and either wait for a retest of the previous trends resistance creating new support or seeing very high buying volume.
I have marked out my personal TP's using the Fib Retracement tool.
Trade at your own risk as this is not financial advice but educational advice.
Trade safe, Trade smart, Trade patiently
Feel free to let me know what you think in the comments !
Lets take a look....
What we know from the last pump...
- Clear Bullish RSI Divergence
Clear longer term upwards squeezing
19 Month Consolidation
How are we currently looking?
Right now we have great upward squeeze happening.
$AMZN has been consolidating for the past 17 months.
Along with this a very common Bullish pattern has formed known as a Double Bottom.
We also have strong Bullish RSI Divergence along with volume thinning out on the MACD.
Having volume thin out like this over an extended period of time means a big move is coming....
A great buy signal would be once prices break ATH's and either wait for a retest of the previous trends resistance creating new support or seeing very high buying volume.
I have marked out my personal TP's using the Fib Retracement tool.
Trade at your own risk as this is not financial advice but educational advice.
Trade safe, Trade smart, Trade patiently
Feel free to let me know what you think in the comments !