AMZN was trading in the pitchfork channel and this week due to profit taking it has come down nearly 5% from ATH, We can see there is a GAP at 3511-3527 level which could be filled . We are expecting strong earnings which would have been priced in the recent break out and run up.
Amazon will come down to 3526 from there it will continue in an uptrend and amazon will reach 4230 by the end of this year 2021 in winter.
Amazon will come down to 3526 from there it will continue in an uptrend and amazon will reach 4230 by the end of this year 2021 in winter.
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