AMZN...not so AMZNing anymore?

11 de fev. de 2022

AMZN has retested (and failed so far) to regain the uptrend broken in January. The current bounce is facing resistance in the $3235-$3360 area where the broken trendline (purple), 50wk ma (yellow) and fib retracement lvls reside. As long as it fails to regain above those levels there is potential for a move lower with targets @ $2625 (min), $2222 (opt) and $1570 (extreme).

2 de mai. de 2022

Trade ativo

AMZN has failed twice to regain the broken trendline (purple) and the 50w ma in a textbook case of breaking lower. it had reached the minimun target laid out a couple of months ago withe potential to reach our optimal target in the $2,222 area (currently trades at $2,400).