Amzn was trying to breakout this week, but was unsuccessful.
Right now I expect amazon to flush back to ~3350 range which will be the 30 week MA backtest (and our wave 2 bottom). From their AMZN should gather the strength to finally stage a real breakout and we are going to see our test of 4000.
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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.