AMZN is finding resistance at the 50 week moving average, and could be set to test the 100/200 week moving averages going forward. Currently, price is holding near the 20 week moving average after finding several weeks of rejection from the 50 week moving average. If the 20 week moving average breaks, we could see AMZN come down to retest the 100 week moving average again which supported the price previously back in December. On the chance that we break right through the 100 week moving average, I wouldn't be surprised to see it test around the 200 week moving average.
Moving average guide (All weekly moving averages for this post):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
Moving average guide (All weekly moving averages for this post):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk.
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FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
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.