Very simple - a classic cup and handle formation, already confirmed and re-testing a breakout:
- has already broken out of the handle forming a 2nd smaller cup
- and since broken above and held above the weekly cup's neckline
It has held above for several weeks and is now re-testing that neckline.
Targets are TP 1 and 2, measured from the length of the...
AMZN has risen lately above the lip of the cup of the pattern on this 4H chart. The pattern
suggests $ 50 USD upside or 35% beyond present price. The chart shows the buying coming
in once price reached a rounded bottom an began an uptrend. Earnings beats have been
significant especially compared with the miss a year ago. AMZN is like the massive river...
