Moving toward 3300 could be the possible scenario!
After a 117% move in 6 months (March-September 2020) amazon has built a sideway pattern!
It seems the price tends to fluctuate between 3050-3550!
Buying at the lower border and selling at the upper border of this sideway seems the best strategy unless we see price gets out of this region with strong volume!
Muti-Timeframe:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
After a 117% move in 6 months (March-September 2020) amazon has built a sideway pattern!
It seems the price tends to fluctuate between 3050-3550!
Buying at the lower border and selling at the upper border of this sideway seems the best strategy unless we see price gets out of this region with strong volume!
Muti-Timeframe:
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.