AMAZON Loosely supported. Buy but careful if this level breaks.
Amazon / AMZN hit yesterday and is rebounding today exactly at the bottom of the late April Channel Up.
This remains a bullish trend for as long as the Channel Up holds, so buy and target Resistance A at 136.50.
If it breaks downwards, sell and target the 1day MA50 and Rising Support at 123.50.
It is crucial to mention that the 1day RSI has already crossed under its Rising Support, issuing an initial bearish warning.
Follow us, like the idea and leave a comment below!!
This remains a bullish trend for as long as the Channel Up holds, so buy and target Resistance A at 136.50.
If it breaks downwards, sell and target the 1day MA50 and Rising Support at 123.50.
It is crucial to mention that the 1day RSI has already crossed under its Rising Support, issuing an initial bearish warning.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.