Primary Scenario
We continue to see AMZN in a broader downtrend. In this context, the stock is likely to move below support at $220.47 in the near term.
Alternative Scenario
At this time, we are not tracking a short-term alternative scenario.
Long-Term Outlook
The ongoing broad correction is likely to bring the stock into our blue Long-Term Entry Range ($159.81–$129.30). After that, we expect another strong—though corrective—move higher before the final sell-off of the larger corrective phase begins. Ultimately, we expect the correction low to fall below our blue Long-Term Entry Range ($159.81–$129.30), but still above support at $81.43.
We continue to see AMZN in a broader downtrend. In this context, the stock is likely to move below support at $220.47 in the near term.
Alternative Scenario
At this time, we are not tracking a short-term alternative scenario.
Long-Term Outlook
The ongoing broad correction is likely to bring the stock into our blue Long-Term Entry Range ($159.81–$129.30). After that, we expect another strong—though corrective—move higher before the final sell-off of the larger corrective phase begins. Ultimately, we expect the correction low to fall below our blue Long-Term Entry Range ($159.81–$129.30), but still above support at $81.43.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.