AMZN
I expect a restest of 3382 and bounce off demand if it is strong. My upside target is 3453. Remember this ticker can move 100 pts easily in both directions. So if 3382 fails to hold, expect a retest of 3303 and 3278. We are either seeing MM distributing or running a markup campaign. They would have to take it down lower to acquire more inventory and I am not 100% sold that they have done that just yet so I am bearish.
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.