Hmm, I’ve got my contrarian hat on, as week AMZN seem to have closed with a pinball price action at 24-Jul.
This could be a short-term profit taking for some bulls.
However the Long term trend is Upward with Higher-High and Higher-Low’s.
Resistance zone: $1030 - 1090
Support 1: $962
Support 2: $835-840
ATR: 40
2N: 80
ENTRY: 987
STOP: 1067
P1: 947
P2: 907
This could be a short-term profit taking for some bulls.
However the Long term trend is Upward with Higher-High and Higher-Low’s.
Resistance zone: $1030 - 1090
Support 1: $962
Support 2: $835-840
ATR: 40
2N: 80
ENTRY: 987
STOP: 1067
P1: 947
P2: 907