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  • #16774
    Ardy Ismail
    Keymaster
    Post count: 16

    Stock: Amazon

    Date: 19.2.2021 (Thurs)

    Amazon share price is locked within a triangle. We need to see it breakout to the upside and close above the triangle to be sure that the uptrend is going to continue.

    On the weeklychart, 15ema is acting as dynamic support.

    On the daily chart we see 50ema providing support.

    If it falls to the 100ema which coincides with the slanting line, we may consider picking up some shares there and benefit from a rebound back up.

    Cheers!

    Ardy

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