AMZN Bullish potential after the 2ed stimulus plan.
When the 1st stimulus plan was approved, AMZN price was almost 1900 and raised to 3536 during five months which almost 85%. Led to high profit exceeded the estimation two times.
The same scenario could happen again after the 2ed stimulus plan has been approved, but the expectation for the price would be divided by 2 according to the value of the 2ed stimulus plan which is half of the first one.
technically, AMZN formed symmetric triangle after a strong bullish trend, which creates a potential for a new uptrend wave.
the price target calculation will consider the value of the 2ed stimulus plan, so the target price will be 4441$ based on 42% ( the first accending rate multiply by 50%).
The best point to enter is when the price penetrates the triangle from the upper side and must be supported with a high volume.
AMZN
The same scenario could happen again after the 2ed stimulus plan has been approved, but the expectation for the price would be divided by 2 according to the value of the 2ed stimulus plan which is half of the first one.
technically, AMZN formed symmetric triangle after a strong bullish trend, which creates a potential for a new uptrend wave.
the price target calculation will consider the value of the 2ed stimulus plan, so the target price will be 4441$ based on 42% ( the first accending rate multiply by 50%).
The best point to enter is when the price penetrates the triangle from the upper side and must be supported with a high volume.
AMZN 
Feragatname
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