dimpy
09-25 03:59

$Amazon.com(AMZN)$ Points of confluence suggest this could move higher soon. There was a weekly falling wedge that formed into a cup and handle on the weekly chart, inside a broadening formation. We have a breakout of the wedge followed by a retest. Price is sitting at the .618 fib. Should see 270 by the second week of October at the latest.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment