AMZNAmazon is sitting right near support/resistance level that goes way back.
since the split that level is now right around 101
as you can see we have just recently bounced off this level and came back down and tested it again
taking longs in this market is risky period but i believe you can set your stop tight enough if think we could see a bullish short term reversal
if we break the 101 level we have a lot of downside so in reality you could potentially play it both way if you just keep this ticker on your watchlist!
good luck and happy trading !
side note...this ticker is showing both bearish and a bullish divergence. i noted the bullish divergence because it has yet to be played out.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.