AMZN Enjoyed a massive bull market for more than 20 years until April 2022 when this massive uptrend failed.
The uptrend ended and the bear market has been fully confirmed.
Now, how much lower can it go?
Mid-term (1-3 months) we are seeing the 72-68 range as the next and main support target.
By June/July next year (2023), it can go as low as 41, depending on how things develop of course.
The last mayor correction lasted about 1.8 years from top to bottom.
This would put the next bottom at around mid 2023.
Namaste.
The uptrend ended and the bear market has been fully confirmed.
Now, how much lower can it go?
Mid-term (1-3 months) we are seeing the 72-68 range as the next and main support target.
By June/July next year (2023), it can go as low as 41, depending on how things develop of course.
The last mayor correction lasted about 1.8 years from top to bottom.
This would put the next bottom at around mid 2023.
Namaste.
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd 👉 t.me/lamatrades/4
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
Related publications
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.