weekly view AMZN inverse head and shoulder

Jun 3

This pattern is not easy to see on the daily, so I added a more clear visualization of it on the weekly. H&S are rarely symmetrical and lining up perfectly. What draws me to this chart is more the bottoming stochastic, the prior high volume pump, the aggressive step in from buyers on the formation of the head. Mix this with AMZN and GOOGL being much more undervalued than the rest of the Mag 7 and you have a recipe for an explosion. Election year too.

-210$ is still my price target