- Tech Charts - https://blog.techcharts.net -

SYMMETRICAL TRIANGLE – AMAZON.COM INC

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s and global equity indices. The report starts with a review section that highlights the important chart developments on global equity benchmarks. This blog post features from the watchlist section Amazon.com, Inc. on the Nasdaq Stock Exchange.

AMAZON.COM INC (AMZN.OQ) – new addition to watchlist

Amazon.com, Inc. offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. The stock is listed on the Nasdaq Stock Exchange. Price chart formed a 5 month-long symmetrical triangle with the upper boundary acting as strong resistance at 3,350.00 levels. The upper boundary was tested several times over the course of the chart pattern. A daily close above 3,450.00 levels will confirm the breakout from the 5 month-long symmetrical triangle with the possible chart pattern price target of 4,000.00 levels. (Data as of Feb 1, 2021)

A SHORT VIDEO ON SYMMETRICAL TRIANGLES


Tech Charts Membership

By becoming a Premium Member, you’ll be able to improve your knowledge of the principles of classical charting.

With this knowledge, you can merge them with your investing system. In fact, some investors use my analyses to modify their existing style to invest more efficiently and successfully.

Get Access Now [1]

As a Premium Member of Aksel Kibar’s Tech Charts,

You will receive:

For your convenience your membership auto renews each year.

Get Access Now [1]