AMAZON The Big Picture: @bcn5280 As you can see after the pandemic we are trading between 2850s and 3550s. This a larger consolidation period than most stocks. Support at 2990 - 2850s. Resistance at 3450s - 3550s. Currently we are downtrending with the first bear flag. 2990s - 2850s price target. Last quarter we hit 2881. From March 5th - June 15 - 18th. A Bullish Harmonic pattern has formed, but not completed. If we hit 2990s it will be a Bullish Gartley. If we hit 2850s, it will be a Bullish Crab Harmonic pattern with input of Fibonacci levels .
The low 3800s is our Price target for July 28th. For the long term next year is 4800 price target next July or September 2022.
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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.