The price broked the 50 MA line and it is expected to experience some pullbacks due to the overall market. However, I'm still bullish about Amazon overall price movement and I'm expecting it to hit the region of 1600. Possibly entering Amazon if the overall market is less bearish or the pullback is completed.
Trade closed: target reached
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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.