Amazon's stock price fell sharply two weeks ago, where price saw a huge swing all the way to the final support level. In which price fell by as much as 17% in a week. Now price is consolidation above one of the key support level of the channel trend.
Trade Step-ups:
Bullish Reversal: Price rejects a breakout from the current trend. Profit levels to look for are 1950.00 and 2100.
Bearish Breakout: Price breaks the bullish channel, look for consolidation below 1700.00
Trade Step-ups:
Bullish Reversal: Price rejects a breakout from the current trend. Profit levels to look for are 1950.00 and 2100.
Bearish Breakout: Price breaks the bullish channel, look for consolidation below 1700.00