Amazon stocks have been in a downtrend since the start of the month, however we can use a long opportunity when the price will reach strong support around 3000 and bounce back to 3200 area, where a 50% Fib line and MA200 would intersect eventually.
Now that the Battery Day is behind, and the hype is diminished, Tesla might be forming a reversal pattern with a mid-term target of $300. With this prospect, we can open a short position at $415 which is around upper line of a reversal pattern triangle. Until price reaches that level, we can use a short-term opportunity to open a long position at $380 as the price...