A look at $AMZN from the short side

4 במאי 2020These 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 .