AMZN still on target for new ATH 189? Looks good still!


Price action update (24 Feb 2024)

- Breakout from earnings have been in an island past weeks

- Island reversal signs are not that strong (also given that AMZN will now be added to DOW30)

- Resistance zone appears at 175/177

- Overcoming it has a relative easy path to new ATH 189

- Previous try to breakout of island has come back in

- We are now in the 2nd try


Bullish

- Follow through on the island breakout and overcome 177

- Next target is 182 and then 189 (new ATH)


Bearish

- Break back into island range and then break below 164 (which is also 50% gap fill from earnings)


My Plays

- Have been nibbling shares some months back and will continue to do so if there is confirmed break out of island


Good luck, all!

AMZN Daily Chart - 24 Feb 2024

@melson  @TigerStars  @macroB  @CaptainTiger  @Deposit  

$Amazon.com(AMZN)$  

# 💰 Stocks to watch today?(16 May)

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  • Deposit
    ·02-25
    v likely new ATH soon
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    • Asphen
      indeed!
      02-25
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  • melson
    ·02-24
    buy the rumor, sell the news
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    • AsphenReplying tomelson
      long term it will break 250 😀
      02-24
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    • melsonReplying toAsphen
      long term can reach 186
      02-24
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    • AsphenReplying tomelson
      pull back healthily haha
      02-24
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  • Aqa
    ·02-25
    Liked and shared.
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    • Asphen
      thank you!
      02-25
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