Amazon.com
Long
Updated

Is Amazon about to replicate NVDA's price action?

504
Amazon is still in a very wide consolidation range... but it looks good here for a bounce.

618 retracement + 200 day moving average + significant structure.

Just look at NVDA - it worked well there! I'm long AMZN
Trade closed: stop reached
seeing a short term bear flag. Looks like they want to shake the tree
Note
Gap filled on the daily and weekly retest of the breakout + Bezos didn't die.
snapshot

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.