These are the levels to the downside on AMZN. With the markets red, and tech selling off, AMZN is at a critical support. It closed right above the 20 day moving average. If the stock breaks the 20 day moving average, look for the downside move to continue to the next level (2185). if this level does not hold, look for the stock to challenge the 50 day ema....
These are the levels to the downside on AMZN. With the markets red, and tech selling off, AMZN is at a critical support. It closed right above the 20 day moving average. If the stock breaks the 20 day moving average, look for the downside move to continue to the next level, which is the 50day EMA ( 2122).
The 5 day MA has been a magnet for the stock. the stock is now looking to separate from the 20 day MA. the stock seems to be heavily influenced by news, however the selloffs have been met with rallies. keep a close eye on this one as It has a huge upside and any positive news could launch it higher
the stock is currently in a downtrend. $30 appears to be the temporary bottom for the stock. the stock reports earnings this Thursday. with the stock currently trading near the temporary bottom, things can get ugly on unexpected bad news or excessive selling. the next support level for this stock is near $20.
stock seems to have bottomed, now trading above the 5day ema. stock attempted gap fill and was rejected. would love to see the stock fill the gap to confirm a trend reversal
