Power Plays New Idea: AMZN
June 28, 2023
By Scott Redler
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