AMZN 611.92 – neutral – Consolidates above key support area
AMZN rallied to a new record high at 619.45 (October 23, 2015) before consolidating. Overbought indicators warn of potential for further pullbacks. While the 580.57/579.00 key support area (July 24/ October 19, 2015 highs) holds the dips, there is scope for further upside through 619.45 to open new projection targets at 627.01 (1.382x (549.78-451.00) from 490.50), then 638.67. Above there would open the extension at 650.33 (as shown on the daily chart). Only a break below the 580.57/579.00 area would caution bulls.
Outlook:
Daily: neutral near term due to overbought condition
Weekly: bullish
AMZN rallied to a new record high at 619.45 (October 23, 2015) before consolidating. Overbought indicators warn of potential for further pullbacks. While the 580.57/579.00 key support area (July 24/ October 19, 2015 highs) holds the dips, there is scope for further upside through 619.45 to open new projection targets at 627.01 (1.382x (549.78-451.00) from 490.50), then 638.67. Above there would open the extension at 650.33 (as shown on the daily chart). Only a break below the 580.57/579.00 area would caution bulls.
Outlook:
Daily: neutral near term due to overbought condition
Weekly: bullish
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.
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.