AMZN Technical Analysis on October 29, 2024:
Key Levels
Resistance:
190.45 - 191.52: Major resistance range where AMZN previously faced selling pressure. Breaking above this could signal bullish momentum.
188.34 - 188.26: Short-term resistance zone. A break above this level may open the path to retest higher resistance levels.
Support:
187.49 - 187.83: Key support zone. If AMZN holds this range, it could provide a bounce opportunity.
184.71 - 183.69: Strong support levels; a break below here could signal further downside risk.
180.93 - 182.00: Major support zone; likely to attract buyers if the price retraces to this level.
Entry/Exit Points
Scalping:
Entry: Consider entering near 187.83 if AMZN shows buying interest with a potential target around 188.34.
Exit: Exit scalps before reaching resistance zones at 188.34 or on signs of reversal near 190.45.
Swing Trading:
Entry: Watch for a pullback to 184.71 for a potential swing entry if the price consolidates around this level.
Exit: Consider exiting near 190.45 if bullish momentum supports a continued rally.
Directional Suggestion
Bullish Bias: If AMZN can maintain above 187.83 and break through 188.34, with a potential target at 190.45.
Bearish Bias: If AMZN fails to hold above 183.69, it may signal a possible move down towards 182.00.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider consulting a financial advisor before trading.
Resistance:
190.45 - 191.52: Major resistance range where AMZN previously faced selling pressure. Breaking above this could signal bullish momentum.
188.34 - 188.26: Short-term resistance zone. A break above this level may open the path to retest higher resistance levels.
Support:
187.49 - 187.83: Key support zone. If AMZN holds this range, it could provide a bounce opportunity.
184.71 - 183.69: Strong support levels; a break below here could signal further downside risk.
180.93 - 182.00: Major support zone; likely to attract buyers if the price retraces to this level.
Entry/Exit Points
Scalping:
Entry: Consider entering near 187.83 if AMZN shows buying interest with a potential target around 188.34.
Exit: Exit scalps before reaching resistance zones at 188.34 or on signs of reversal near 190.45.
Swing Trading:
Entry: Watch for a pullback to 184.71 for a potential swing entry if the price consolidates around this level.
Exit: Consider exiting near 190.45 if bullish momentum supports a continued rally.
Directional Suggestion
Bullish Bias: If AMZN can maintain above 187.83 and break through 188.34, with a potential target at 190.45.
Bearish Bias: If AMZN fails to hold above 183.69, it may signal a possible move down towards 182.00.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider consulting a financial advisor before trading.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.