tsep2

Amazon to return to above $2000

NASDAQ:AMZN   Amazon.com
I've been watching Amazon for a while now with the expectations of a return to its past levels of over $2000 and it seems the time for that may be just around the corner. Here I've displayed AMZN completing a Gartley pattern on a weekly timeframe and have also referenced the RSI which seems to show that there is still a comfortable amount of room to run should we not diverge. On the daily timeframe we have also completed an Elliott wave that lasted from February until June giving further evidence the bulls should continue to take Amazon higher.
In addition to all this, I expect the G20 summit to result in some form of positive news as well equity indices to maintain their rise in anticipation of a July rate cut. Of course trade with caution as these macro influences are never guaranteed of being bullish, recommend a trailing stop or a stop loss set around 1850.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.