Hello traders and investors! Let’s see how AMZN is doing today!
It did what we expected in our last study, and it did a bullish pivot point in the 1h chart ($ 3,318.86). The trend reversed for good, and it looks very strong, as it didn’t even try to retest the 21 ema.
Now it is just going up, and we have no bearish signs around. It is interesting to notice that AMZN did a good reaction at the best time possible as it was just above its support in the daily chart:
The black line at $ 3,182.38 was a strong support level for AMZN, and when it did the pivot point in the 1h chart I was more convinced of a stronger movement. Now the odds are that it’ll fill the gap at 3,580.01.
Probably we’ll see pullbacks along the way, but the bias is bullish for now.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped!
Thank you very much.
Have a good week.
It did what we expected in our last study, and it did a bullish pivot point in the 1h chart ($ 3,318.86). The trend reversed for good, and it looks very strong, as it didn’t even try to retest the 21 ema.
Now it is just going up, and we have no bearish signs around. It is interesting to notice that AMZN did a good reaction at the best time possible as it was just above its support in the daily chart:
The black line at $ 3,182.38 was a strong support level for AMZN, and when it did the pivot point in the 1h chart I was more convinced of a stronger movement. Now the odds are that it’ll fill the gap at 3,580.01.
Probably we’ll see pullbacks along the way, but the bias is bullish for now.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped!
Thank you very much.
Have a good week.
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