SHORT AMAZON
Amazon is current going to retest all time highs.
I want amazon again for a buy in the $209-218 range.
I don't think see Amazon below $208 again.
Going to fail on retest of ATH right now and cool off, bring rsi down back to 50-60 Zone, before consolidating for a break of the all time highs to close out the year.
Amazon always shines in Q4 with Holidays, so expect a great close to the year, but it's an overbought stock right now. (isn't it always??...lol)
Amazon is current going to retest all time highs.
I want amazon again for a buy in the $209-218 range.
I don't think see Amazon below $208 again.
Going to fail on retest of ATH right now and cool off, bring rsi down back to 50-60 Zone, before consolidating for a break of the all time highs to close out the year.
Amazon always shines in Q4 with Holidays, so expect a great close to the year, but it's an overbought stock right now. (isn't it always??...lol)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.