Update to this post:
Looks like AMZN will not replicate NVDA's price action!
Amazon is set up to have a false breakout today and get back in its 12 month+ range.
Anywhere between 3250 - 3300 is likely going to be major support. There a lot of structure, a .764 retrace, 200dma (I used the 250dma because held the lows perfectly), and arguably an advanced pattern formation at that level.
I want to look for tactical buys around there for at least a bounce.
Looks like AMZN will not replicate NVDA's price action!
Amazon is set up to have a false breakout today and get back in its 12 month+ range.
Anywhere between 3250 - 3300 is likely going to be major support. There a lot of structure, a .764 retrace, 200dma (I used the 250dma because held the lows perfectly), and arguably an advanced pattern formation at that level.
I want to look for tactical buys around there for at least a bounce.
Note
Note
is she off? good startNote
Seeing a vertical move off the lows and looks like it wants to visit that 3500 area before pulling back. 3500-3550 is the next major resistance. Once it gets above that my bet is we see new al time highs.
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.
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.