ItryInvestin
2023-12-12
$Amazon.com(AMZN)$ 

WEEKLY TECHNICAL ANALYSIS UPDATE || Stock pick!

AMZN is currently in a consolidating phase, share prices are going up and down, forming a nice triangle formation. Should AMZN break out of the upside, AMZN will see a nice rally from there.

Consolidation price range:$144-147. If AMZN remains in this range, share prices likely to remain sideways. Day trading is possible but might see slow movements. Current price level is also at previous all time high level in Aug ‘22.

Breakout price: $148. A huge rally from here 🔥 And potentially try to reach the all time high in April 22, $158.

DYODD. Have a good Tuesday.

Will post another analysis if like count reaches 50 for this 👍🏻👍🏻👍🏻

😇 @ItryInvesting


Big Tech Weekly
Big tech companies, including Apple, Amazon, Google's parent Alphabet, Meta Platforms, and Microsoft, hold immense significance in the stock market. Their size, market influence, and role in technological innovation make them bellwethers for investor sentiment and key drivers of market performance. This topic will keep following the key events and trend of big tech!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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