Amazon has formed a asc triangle under previous support looking to break out. It failed to break out from the shown resistance, where the price hit consistent highs and higher lows which formed an ascending triangle nearly reached the end almost about to breakout. will keep updated. if all goes as expected there should be a 3-6% gain in the next few days or weeks.
Note
looks like it has successfully broke out, however, there is a large red candle which might suggest it would hit the support and bounce off the resistance at 3252
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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.