Amazon - AMZN
Left chart – daily chart / 1 year
• Resistance from the gap formed ending October 2022 at 103.96/109.77
• Support from the gap formed beginning November 2022 at 89.47/91.65
• Stock is trading between the support and resistance gaps in a sideways trend
• Decreasing volume in the last days
Right chart – weekly chart / 5 years
• Downtrend since mid-November 2022
• Downtrend supported by 50 weeks moving average
• Resistance at the 23.6% Fibonacci Retracement at 106.80
• Decreasing volume in the last weeks
Stay short as long as we don’t see a clear break of the resistance at 109.77. At that point the downtrend is broken, the Fibonacci retracement becomes a support and the gap resistance (left chart) is filled.
• Resistance from the gap formed ending October 2022 at 103.96/109.77
• Support from the gap formed beginning November 2022 at 89.47/91.65
• Stock is trading between the support and resistance gaps in a sideways trend
• Decreasing volume in the last days
Right chart – weekly chart / 5 years
• Downtrend since mid-November 2022
• Downtrend supported by 50 weeks moving average
• Resistance at the 23.6% Fibonacci Retracement at 106.80
• Decreasing volume in the last weeks
Stay short as long as we don’t see a clear break of the resistance at 109.77. At that point the downtrend is broken, the Fibonacci retracement becomes a support and the gap resistance (left chart) is filled.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.