$AMZN - bull and bear thesis

2023년 5월 9일

AMZN
Daily timeframe

* Breakout, bounce off the support trendline and 3 daily bounces off the top of the triangle I have laid out, I still think this goes to $119.98. I think my previous bear case will be wrong, adjusting based on new information

• Bull: I still don't see resistance until $119.98 (the nearest breakdown candle)
  
• Bear: If it breaks below the bear flag, I'd expect a move back to $88.40