Technical analysis by snour about Symbol AMZNX on 9/28/2024

Weekly chart, the stock AMZN is trading in a rising expanding wedge, and the path should be hitting the resistance line R at around 230 after a little correction to around 170 Trading above 230 for 2 weeks will drive the price to 260 then 300 Note: As the current price is far from the support level (line S), a suitable stop loss level should be considered and monitored.