AMAZON - correction before another jump
There are currently no strong factors supporting the recent fall, so I suppose it is a correction after an amazing run in the last 2 weeks.
The Fibonacci retracement from the last impulse point, as well as a powerful trend line may be factors for some nice earnings on July 23
To sum up everything, for me it is a STRONG BUY from 2900. It is a technical and a strong psychological level as well, with some fundamental factors that may help the price grow.
Good luck and stay safe!
The Fibonacci retracement from the last impulse point, as well as a powerful trend line may be factors for some nice earnings on July 23
To sum up everything, for me it is a STRONG BUY from 2900. It is a technical and a strong psychological level as well, with some fundamental factors that may help the price grow.
Good luck and stay safe!
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