NASDAQ: AMZN Amazon.com, Inc. is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
Bullish Outlook (WEEKLY):
- MACRO Ascending Triangle forming against Weekly Resistance
- TB Fib Extension target 0.786 lining up with Internal Fractal Move @3869.5
- MACD turning and anticipated Bullish Cross
- RSI bounce of the 50.00 level
- TB Fib Extension Target 1.618 also lining up with a flagpole target around 4900-5000 region at break of Weekly Resistance.
NOTE: keep in mind the Weekly TF and that this would take IMO at least 6 months to play.
Bearish Outlook Weekly:
If Uptrend and Ascending Triangle pattern fails id expect a fall to @2900-3100 region.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Bullish Outlook (WEEKLY):
- MACRO Ascending Triangle forming against Weekly Resistance
- TB Fib Extension target 0.786 lining up with Internal Fractal Move @3869.5
- MACD turning and anticipated Bullish Cross
- RSI bounce of the 50.00 level
- TB Fib Extension Target 1.618 also lining up with a flagpole target around 4900-5000 region at break of Weekly Resistance.
NOTE: keep in mind the Weekly TF and that this would take IMO at least 6 months to play.
Bearish Outlook Weekly:
If Uptrend and Ascending Triangle pattern fails id expect a fall to @2900-3100 region.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."