The last two times AMZN visited the 150WMA it acted as support and have a very strong reaction. Additionally RSI is the most oversold since the 2009 crash. Based on previous history it looks like AMZN could rally to $6000 by the end of this year.
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.