Amazon (AMZN) shares are Ready to Bounce Higher !
Amazon share price is currently trading at $1,834 level. Price has been consolidating since July and found support during August (see chart holding above 200 day moving average / red line). We consider this as consolidation within upward channel. We view this setting as an opportunity to load some shares here and set a First Take Profit at $2,034 for a 200 points run.