Amazon Consolidating Above Key Support

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.

Amazon Consolidating Above Key Support by EmpowerTrader

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

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