Tag: amazon
• Amazon reversed from key resistance level 103.20 • Likely to fall to support level 86.70 Amazon recently reversed down from the key resistance level 103.20 (former strong support from May and June), intersecting with the 20-day moving average and the 50% Fibonacci correction of the downward impulse from October. The downward reversal from the […]
• Amazon rising inside the ABC correction 4 • Likely to rise to resistance level 150.00 Amazon continues to rise inside the sharp upward correction 4, which previously broke the key resistance level 125.00, intersecting with the 38.2% Fibonacci correction of the downward impulse from March. The breakout of the resistance level 125.00, accelerated the […]
• Amazon reversed from support area• Likely to rise to resistance level 3100.00 Amazon recently reversed up from the support area located between the key support level 2700.000 (previous monthly low from January) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Long-legged Doji, which stopped the previous […]
• Amazon reversed from support level 3132.30 • Likely to rise to resistance level 3330.00 Amazon recently reversed up from the key support level 3132.30 (previous monthly low from May), intersecting with the lower daily Bollinger Band and the support trendline of the daily down channel from the middle of November. The upward reversal from […]
