AMZN is looking good and from the Ichimoku perspective, the stock is showing a good bullish signal after bullish bar was seen closing above the kumo. Furthermore, the stock has confirmed its oversold crossover from its mid-term stochastic oscillator and 23-period ROC. Price action wise, the stock saw a strong bullish flag in the making and prices has revert back above the 2020 March uptrend line.
For this, we are targeting 161.8% expansion of AB=CD
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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.