AMZN - To me ERs are gamble that I seldom take. Having said that this chart caught my attention and I see that all MA's have come together like a family reunion of some sort. Can they help to catapult
AMZN to next levels? If ER reaction is positive coming Thursday, then there is a fair chance for price to gap up the marked level. If not then...
Note - ER price movements can get wild, the chart shared and information are just my opinion.
Note
Today 8/4/2023 after ER announement from yesterday, AMZN gapped up to @142. The original post depicts price target on longer time frame.
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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.