Hey guys, Amazon will currently continue its fall; however, we thought it would be helpful to show some points where you can potentially add some long positions into your portfolio. Obviously, the steeper the fall the higher the rise will be. There is also a trendline with the last rising ladder, but with Amazon stock, those diagonal trendlines don't really hold, that's why we mostly rely on major support and resistance zones.
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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.
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.