The Traderszone Network

Published in TZ Latest News 27 June, 2015 by The TZ Newswire Staff

AMZN Awaiting Next Bullish Breakout

Amazon.com (AMZN) continues to reach for the stars and if the current technical pattern plays out, it’ll likely be much closer.  After soaring through price resistance in April to set a fresh all-time high on the heels of better-than-expected earnings, AMZN has been consolidating in a bullish continuation pattern – the cup with handle.  The handle is easier to see on a daily chart, which is not presented below.  But the cup is quite clear.

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