AMZN - Very nice setup
AMZN seems to be in a bull channel since the march crash, it looks good for a big move in either way. To the upside I see a measured move, that happens to be the top of the channel. For the bear case, the measured move is about a 50% retracement from the march lows. Considering where SPY is at and that Bezos sold for 3B in stock, I would wait for confirmation once the triangle breaks. Play this at your own risk, I have no positions in AMZN currently!
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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.