AMZN, currently trading at 831, breaks out of the cup and handle pattern posted here for a winning trade yesterday before the breakout.
I will be holding this long term. 1000 next target and I expect I will be even raising that target soon enough.
Newsworthy: AMAZON takes to high seas and enters the ocean freight shipping business thereby expanding its delivery business.
AMZN – Amazon 4 Hour Chart with a cup and handle breakout pattern:
AMZN – Amazon Daily Chart with a cup and handle breakout pattern:
and here’s the Amazon (AMZN) Daily Chart with a cup and handle before the breakout that we posted yesterday:
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