AMZN - Bounce Back after Selloff

27 בספט׳ 2020

I think we are going to see a nice bounce back in the tech sector this upcoming week but we still remain in a downtrend for most stocks. I can see Amazon retesting the 3200 level before meeting a couple of resistance points. It had a really nice bounce off of the 100 day MA but I think momentum is waning now and we will see a deeper selloff heading into October. This could present a nice buying opportunity if it plays out.