Lanmar

Amazon at risk of a breakdown

Short
Lanmar Updated   
NASDAQ:AMZN   Amazon.com
Struggled all of 2021 to breakout and gave enough clues that there's not enough demand at these levels and too much supply

AMZN is below the 50d/200d moving averages and broke critical support yesterday after FOMC. Everyone's been waiting for a breakout higher (including myself) but the evidence strongly suggests the breakout will be to the downside from here


Comment:
breakdown
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.