AMZN getting ready for a move up

2021年1月5日

After the huge move up during the first months of the pandemic AMZN has been taking a breather for sometime now and consolidating within the pennant, which is a continuation pattern. RSI and MACD (not on the chart) have been pretty flat throughout this time, without big moves up or down, corroborating the consolidation. The Accm/Dist has stayed up throughout the consolidation, which means interest in the stock is not weakening although it is trading on a range. I believe this is a very healthy consolidation that will propel AMZN back to ATH and above in the near future. I have a position in AMZN and am adding at these levels, specially when it moves to the lower half of the pennant.


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***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***

2021年1月6日

交易進行

Added more to my position this morning after the price dropped to the lower line of the pennant (potentially due to Democrats swinging the Senate in Georgia).

2021年1月7日

註釋

Beautiful bullish candle printing on the daily. Glad I have been buying the bottom of the triangle:

2021年1月8日

註釋

I am still accumulating on the lower half of the triangle: