Long consolidation breakout

It is a common move for stocks/ETF's that have been consolidating for a long time, to make a strong move upward before consolidating again.

Amazon has been consolidating for about 12 months now.

Breakout is with 100% more intraday volume, than its 10-day average.


Targets
Target 1 is a measured move by drawing the 12-month consolidation period.

Target 2 is a potential move based on the uptrend from april 2020, up to the consolidation.