AMZN breakout watch above 250.85
here we go again with a continuation breakout
from StockConsultant website
BREAKOUT WATCH for possible breakout above 250.85, no resistance in area just above.
Type: Continuation breakout from single resistance.
Target: 265.3, 5.9% Stop: 245.89, Loss: 1.9%, Profit/Loss ratio: 3.1 : 1 - Excellent
CURRENT PRICE 250.55, at resistance, 247.6 ± 3.22, type single, strength 2
RESISTANCE ABOVE None.
SUPPORT BELOW -4.7% at 238.8 ± 3.1, type double, strength 9
-7.7% at 231.2 ± 3.01, type triple, strength 7
-10.5% at 224.3 ± 2.92, type triple, strength 10
-13.2% at 217.5 ± 2.83, type triple+, strength 10