Long consolidation breakout
It is a common move for stocks/ETF's that have been consolidating for a long time, to make a strong move upward before consolidating again.
Amazon has been consolidating for about 12 months now.
Breakout is with 100% more intraday volume, than its 10-day average.
Targets
Target 1 is a measured move by drawing the 12-month consolidation period.
Target 2 is a potential move based on the uptrend from april 2020, up to the consolidation.
Amazon has been consolidating for about 12 months now.
Breakout is with 100% more intraday volume, than its 10-day average.
Targets
Target 1 is a measured move by drawing the 12-month consolidation period.
Target 2 is a potential move based on the uptrend from april 2020, up to the consolidation.
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