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AMAZON (AMZN) TA SCENARIO IDEA

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NASDAQ:AMZN   Amazon.com
So I did a technical analysis on AMZN and here is my idea/point:

Bearish:

  • (not perfect) hammer candle followed by a bearish confirmation
  • Stock in a clear downtrend
  • Ema not showing any trend reversal sign or upwards correction ( no crossing movement)
  • AMZN broke a strong support level

    Bullish:

  • RSI showing a very Strong Support, so Price may bounce off ( MAY ), we need confirmation in the following Week/Days, I'll update the idea

For me, the stock is showing a lack of bullish signs and is therefore bullish, BUT wee still need confirmation on the RSI support Bounce-off/breaktrough.

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Yorum:
I did a fault at: "a lack of bullish signs and is therefore bullish"
I wanted to say that the market "is therefore BEARISH"
( thanks @jbielski)
Yorum:
AMZN Broke the lower support, how far will it go, till its reversal ?
Yorum:
Next decent support is at 1.6k
Yorum:
bounced back at 2.7 k, my short take profit was at 2.75, good trade

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.