Chart on AMZN - Market Analysis for Dec 27th, 2019

In our Fibonacci Set-Ups section in Stock Waves, the AMZN trade set-up from December 12 bore fruit as the stock popped late this past week.  On December 12, our 30-min chart of AMZN triggered an entry around the 1748 area.  The stock blew through three upside targets on Thursday and Friday, reaching a high of 1901.40, nearly a 9% gain.

Avi Gilburt is founder of ElliottWaveTrader.net.