• AMZN is correcting, and there’s no bullish sign indicating a reversal or a bottom on it yet;
• Even if it does, the 21 ema is a persistent resistance, and AMZN can’t trade consistently above it since August;
• In addition, pay attention to the $101.90 area. This seems to be a key point, as it worked as a support/resistance multiple times recently;
• Only if AMZN breaks this key point I see a true reversal on it;
• For now, it seems it is just seeking the next support around $85.
Remember to follow me to keep in touch with my daily analyses!
• Even if it does, the 21 ema is a persistent resistance, and AMZN can’t trade consistently above it since August;
• In addition, pay attention to the $101.90 area. This seems to be a key point, as it worked as a support/resistance multiple times recently;
• Only if AMZN breaks this key point I see a true reversal on it;
• For now, it seems it is just seeking the next support around $85.
Remember to follow me to keep in touch with my daily analyses!
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.