Amazon.com ST: target 3002

AMZN

Trading Central 2021-02-22 14:30:06

3444 is our pivot point.

Our preference: target 3002.

Alternative scenario: above 3444, look for 3584 and 3667.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (3295.87) but above its 50 day moving average (3230.9828).

Supports and resistances:

3667 **

3584 *

3444 **

3390

3249.8999 (USD-last)

3083

3002 **

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.