TRADEPROAcademy

Amazon in a long level, up to $1850 then $2000?

Long
NASDAQ:AMZN   Amazon.com
Amazon drops into a key support level where it rotated a few times right at $1745 now its showing signs of strength and volume is starting to increase. It's been in a strong range for 4 months now and it looks like its about to break above. As long as retail numbers don't disappoint in the next few months we'll hit the first target at $1845-1850 and then into $1900. We need to see price break above the year to date POC and hold it as support. Volume on the move higher is really important as well.

Disclaimer: This idea is for educational purposes only, this does not constitute trading or investment advice. TRADEPRO Academy is not responsible for any market activity.

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