Amazon.comLong
AMZN swing long
Hey all, I opened a long on AMZN today ahead of CPI, which I suspect will give the market a reason to rally(though I think we will eventually head lower). Anyways, I've been noticing that AMZN is recreating the pattern it made leading up to the March rally and subsequent dump. The stock has based very nicely over the last few weeks and I believe it has all the makings to rally to the mid-high 130's within the next few weeks. This is currently my highest-conviction swing long, and my stop-loss would be triggered if Amazon goes below 99/share.
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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.