Amazon.comLong
Amazon (AMZN) - Bullish Continuation Trade Idea
- AMZN is trading within a well-defined ascending channel, respecting both upper and lower trendlines.
- A recent breakout from a triangle consolidation pattern suggests potential continuation of the uptrend.
- The price is currently testing the breakout level while staying above key moving averages, reinforcing bullish sentiment.
- Moving averages (e.g., 50 EMA, 100 EMA, 200 EMA) are in an upward slope, acting as dynamic support.
- A recent breakout from a triangle consolidation pattern suggests potential continuation of the uptrend.
- The price is currently testing the breakout level while staying above key moving averages, reinforcing bullish sentiment.
- Moving averages (e.g., 50 EMA, 100 EMA, 200 EMA) are in an upward slope, acting as dynamic support.
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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.