Amazon - This Could Be The Breakout Rally!Amazon ( NASDAQ:AMZN ) is creating a major breakout:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Amazon is finally breaking above the previous all time highs and could therefore start the next major bullish cycle. After a 5 year consolidation, a confirmed breakout will lead to an unbelievable short squeeze, which could bring us all the way up to the top of the channel.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)