Amazon is continuing to eat up the retail world and AMZN is trading close to all time highs.
AMZN – Amazon – Weekly Chart.
While the company Amazon is continuing to eat up the retail world, the stock AMZN is trading close to all time highs. An ascending triangle pattern could be in the works now. If you followed our buy, then you were in AMZN at the cup and handle breakout as indicated on the chart. While the newspapers and pundits are calling for a market crash, the charts are telling us otherwise.
Anything can happen in the market, but for now many of the bull market leaders are holding up just fine, and consolidating for a well earned rest.
Here’s the chart:
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