We are Bearish on Amazon,
AMZN
, with the three SELL signals fired in January, 2022. The Monthly Uptrend Line on the Weekly Chart was broken to the downside for the first time since 2014.
AMZN has gone down further to the ($95.00) Support Area. Amazon is down over 33% since the indicators in January and 49% since the All Time High in November 2021. We are under the 200-Day Moving Average and testing the ($95.00) Support Area. Under these economic conditions, we will wait for some Buy signals with the Weekly chart.
The stock was up over 12,000% since the beginning of 2013!
Utilizing TradingGrey and the Engineer is such a game changer!
Not Financial Advice...Trade with Confidence and Control.
AMZN
, with the three SELL signals fired in January, 2022. The Monthly Uptrend Line on the Weekly Chart was broken to the downside for the first time since 2014. AMZN has gone down further to the ($95.00) Support Area. Amazon is down over 33% since the indicators in January and 49% since the All Time High in November 2021. We are under the 200-Day Moving Average and testing the ($95.00) Support Area. Under these economic conditions, we will wait for some Buy signals with the Weekly chart.
The stock was up over 12,000% since the beginning of 2013!
Utilizing TradingGrey and the Engineer is such a game changer!
Not Financial Advice...Trade with Confidence and Control.
The future of currency and technical trading is here!
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
tradinggrey.io | currenshi.io
Not Financial Advice...Trade with Confidence and Control.
