AMZN May Be Getting Toppy

Published 12/20/2017, 12:37 AM
Updated 07/09/2023, 06:32 AM

Amazon.com's (NASDAQ:AMZN) weekly chart is quite a specimen as it has quadrupled from 300 to 1200 in three years.

AMAZON

Typically after a big stock has had such a massive run a breakout above its upper channel line, as happened a few weeks ago, can be a last surge. Investors will be watching to see if it starts a sideways channel across its blue channel like it did from Fall 2016 to Summer 2017 or if it turns and rolls as it did in Fall 2015.

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