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Friday, September 24, 2021

Amazon: Mission accomplished!

Amazingly, just within days Amazon has accomplished its mission as I have predicted. Here is what I said last week: 

Apparently I was too conservative to think it would take a few weeks for Amazon to go down towards the 3300 target. In reality, it took just a few days with a free fall  all the way down to as low as 3303 before bouncing back again (blue circle).

With this mission accomplished, Amazon is stuck in a wide trading range between the two trending lines. I think it will just fluctuate in the lines for a while to accumulate sufficient energy to break up or down, depending on the sentiment then. Let's see how it goes. 😄 



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