TraderMagz

Amazon broke out and is retesting

Long
NASDAQ:AMZN   Amazon.com
Amazon has been consolidating for a few months and has broke out of the triangle.
It is currently retesting the top of the triangle, potentially confirming the breakout.
Long if the top triangle line holds as support.

Take Profit at the 1.618 Fib extension

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.