Amazon is looking at a short-term upside continuation

AMZN is looking good and from the Ichimoku perspective, the stock is showing a good bullish signal after bullish bar was seen closing above the kumo. Furthermore, the stock has confirmed its oversold crossover from its mid-term stochastic oscillator and 23-period ROC.

Price action wise, the stock saw a strong bullish flag in the making and prices has revert back above the 2020 March uptrend line.

For this, we are targeting 161.8% expansion of AB=CD