Amazon.com Inc. rally could just be getting started!
Amazon.com Inc. (AMZN) presently approaching significant resistance, able to absorb weekly buying pressures.
Amazon.com Inc. (AMZN) is currently in a buy signal by one-degree from last week’s settlement above a key level.
Therefore, bullish continuation is expected.
A more cautious investor/trader may wait for a weekly settlement above the resistance levels just above (AMZN) current price.
Inversely, a weekly settlement below an elicited support level would lead to bearish momentum through the end of the year.
Amazon.com Inc. (AMZN) is currently in a buy signal by one-degree from last week’s settlement above a key level.
Therefore, bullish continuation is expected.
A more cautious investor/trader may wait for a weekly settlement above the resistance levels just above (AMZN) current price.
Inversely, a weekly settlement below an elicited support level would lead to bearish momentum through the end of the year.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.