AMZN: Next support + KEY POINTS to watch from here!
• AMZN is correcting, and there’s no bullish sign indicating a reversal or a bottom on it yet;
• Even if it does, the 21 ema is a persistent resistance, and AMZN can’t trade consistently above it since August;
• In addition, pay attention to the $101.90 area. This seems to be a key point, as it worked as a support/resistance multiple times recently;
• Only if AMZN breaks this key point I see a true reversal on it;
• For now, it seems it is just seeking the next support around $85.
Remember to follow me to keep in touch with my daily analyses!
• Even if it does, the 21 ema is a persistent resistance, and AMZN can’t trade consistently above it since August;
• In addition, pay attention to the $101.90 area. This seems to be a key point, as it worked as a support/resistance multiple times recently;
• Only if AMZN breaks this key point I see a true reversal on it;
• For now, it seems it is just seeking the next support around $85.
Remember to follow me to keep in touch with my daily analyses!
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