Right now, I believe price is trading inside the distribution area that I’ve highlighted.
The recent break of the trendline suggests momentum may be shifting, with the risk of a reversal into a downtrend.
From an investor’s perspective, this is not the most attractive area to be buying. A more favorable entry could come if price moves back down into the accumulation area I’ve marked on the chart.
🎯 Conclusion: My view is cautious — I think AMZN may leave the distribution phase and head lower toward the accumulation area. As an investor, patience here may prove wiser than chasing current levels.
The recent break of the trendline suggests momentum may be shifting, with the risk of a reversal into a downtrend.
From an investor’s perspective, this is not the most attractive area to be buying. A more favorable entry could come if price moves back down into the accumulation area I’ve marked on the chart.
🎯 Conclusion: My view is cautious — I think AMZN may leave the distribution phase and head lower toward the accumulation area. As an investor, patience here may prove wiser than chasing current levels.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.