Expect the snail race is still on , it will likely move up as per forecast and then drop slowly , but one thing is for sure , Market is not ready to come down easy , That means its Going to Go up this year making new higher high
-Ascending triangle pattern.
-Stock broke above the resistance on huge volume (based on 1 min chart).
-Bollinger Band coiling up nicely. A rapid move higher may be on the cards.
-A close above 1,617 should see the stock soar.
Not an investment advice. Do your own due diligence.
AMAZON, ABLE TO MOVE ABOVE FALLING CHANNEL.
IT HAS ALSO MADE A TRIANGLE ON CHART WITH THE HIGHER LOWS AND LOWER TOPS.
AND RECENTLY IT ABLE TO BREAK THE HIGHER TOP AT 1495.
AS PER TRIANGLE AND CHANNEL PATTER IT SHOULD DO 20 $ MOVE ABOVE 1495 LEVEL.
SO IT SHOULD ABLE TO TEST NEAR 1510-1515 ZONE.
