Amazon.comPanjang
Amazon - Medium and long term Bull
RSI: Support level 32-35 - resistance level 70-75 - currently at 50: Medium buy
WMA: 50 day WMA crossed above it's 200 day WMA in Jan: Strong buy
Trend lines:
- 5 year trend line supports long term bull with higher lows: Stong buy
- Oct 18'-Feb19' highs is Aug19'-Dec19 lows i.e previous resistance level becomes new support level: Stong buy
- Ascending triangle: Medium buy
Short term could fall back to $1750 level if it losses support at $1900. However if it gains momentum and the bulls can keep it above $1900 for the next few days then the next resistance level will be $2000.
Long terms Amazon seems like a safe bet to me.
(This is a personal opinion and should not be considered an advise).
What's y'all take on Amazon both short and long term?
WMA: 50 day WMA crossed above it's 200 day WMA in Jan: Strong buy
Trend lines:
- 5 year trend line supports long term bull with higher lows: Stong buy
- Oct 18'-Feb19' highs is Aug19'-Dec19 lows i.e previous resistance level becomes new support level: Stong buy
- Ascending triangle: Medium buy
Short term could fall back to $1750 level if it losses support at $1900. However if it gains momentum and the bulls can keep it above $1900 for the next few days then the next resistance level will be $2000.
Long terms Amazon seems like a safe bet to me.
(This is a personal opinion and should not be considered an advise).
What's y'all take on Amazon both short and long term?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.