Power Plays New Idea: AMZN
June 28, 2023

By Scott Redler

Name: Amazon

Ticker: AMZN

Price: $130

Needs to Hold: $120 to $127

Price Objective 1: $134 to $141

Price Objective 2: N/A

Amazon's (AMZN) chart is rebuilding and the stock looks like it's ready to go again.

So I'm making it our newest Power Play here.

I see the stock breaking over the $134 area to get leadership status.

On the risk side, it needs to hold the $120 to $127 area. I'll look to switch gears if the stock gets down there.

Stay tuned for more updates.


Scott Redler Positions Disclosure as of 2023-06-28 at 10.15.41 AM