AMZN: Strong Weekly Bounce on Major Earnings Surprise!

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AMZN: Strong Weekly Bounce on Major Earnings Surprise!Amazon.com, Inc.BATS:AMZNVincePrinceHello There, welcome to my new analysis about AMZN on the weekly timeframe perspective. In recent times I have spotted important stocks within the market that show strong underlying fundamental and technical signs to transform into a worthwhile and profitable trading opportunity. One of these stocks is AMZN. With AMZN, I recently detected interesting signs to consider for a profitable trade on the long side. As when looking at my chart, we can see there how AMZN now completed this gigantic bullish ascending triangle formation with the massive bullish bounce from the upper boundary. This dynamic is backed by the very recent earnings surprise, with AMZN beating earnings expectations by more than 200%. The recent bounce off the 50-EMA marked in green confirms the bullish setup and high potential continuation to emerge within the upcoming times. This is a perfect trading setup that can be traded on the long side. Right now, the whole formation already activated the upper target zone marked in my chart. When the bullish momentum holds on, AMZN also has the potential to continue above the bullish target and visit higher levels. In any case, it will be an interesting development to follow, and I will consider all important updates regarding this pivotal trading setup. In this manner, thank you a lot for watching! The support is highly appreciated. VP