Amazon Breakout Signal Above 224 as a Buy Trigger

2 days ago

Mike

"So, this one's early. We saw really similar pattern uh with Google. Now, my my trigger over this, Josh, is to close over 224. This is uh and we are so close. It's knocking on the door. Um but I'm really watching 224 to break out. This is the two-day. And look at this RSI. We just took the signal line and we're moving back over 50. The MACD is about to Here, let me zoom in real quick. Look at that MACD. She's curling up trying to give us another run back up through the signal line, back through the zero line. This is a huge buy signal. If we get that and I love the uh I love the pattern, Josh, this descending channel, we break up."

In an early-stage trade call for Amazon, the speaker identifies a key breakout trigger when the stock closes above 224. With technical indicators like RSI moving above 50 and a bullish MACD setup, this signal is highlighted as a strong buy opportunity, pending confirmation with a second candle above the trigger level.

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