Amazon.com Inc (US: AMZN) Technical price action indicates a potential return despite a consolidative period for a year:

1. The larger ascending triangle formation is indicative of a bullish continuation pattern ahead.
2. The tweezer bottom and harami pattern have rebounded at our key support zone. Furthermore, the candles are seen rebounding from Senkou-Span A and B’s kumo.

*Expected timeline of the trade is 15 weeks from the date of report issuance.

We have a fundamental buy call on Amazon.com Inc dated 2^nd November 2021

CHART LEGEND

Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line