AMZN was identified at around 217.68 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 222.4253 level.
Important resistance line being approached by AMZN. This price has been tested numerous time in the last 8 days
