LEO_IAMNOTUNCERTAIN_55555

AMZN LONG SHORT TERM

Long
NASDAQ:AMZN   Amazon.com
AMZN has a nice breakout, great momentum, positive room left on the RSI, compared to recent highs as seen on the arrows below the chart. Strong positive volume past recent sessions- pushing momentum.Even looking at greater macro events that could trigger the market back, AMZN is one of the stocks that I believe will still be a strong player if not the strongest, as already proven in the past few weeks and months. Looking at Fibonacci levels, and trying to continue the timeline of the trend- 2570-2600 is the range for the next few days (by the end of the month), top of the trend line (Daily Candles) and top of the projected Fibonacci level (around 2570). After those levels, I think a retreat back will be necessary, a lot of take profits, market risks around the corner, macro issues, etc ,etc.

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