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
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