Amazon.comEducation
A look at $AMZN from the short side
These are the levels to the downside on AMZN. With the markets red, and tech selling off, AMZN is at a critical support. It closed right above the 20 day moving average. If the stock breaks the 20 day moving average, look for the downside move to continue to the next level (2185). if this level does not hold, look for the stock to challenge the 50 day ema. (2122). Understand that old support can become resistance and the 20 day EMA can become new resistance as the stock breaks below it .
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.
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.