Amazon.com intraday: short term rebound towards 3214.5

Trading Central 2020-11-20 04:44:06

Our pivot point is at 3074.75.

Our preference: short term rebound towards 3214.5.

Alternative scenario: the downside breakout of 3074.75 would call for 3023 and 2992.25.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Amazon.com stands above its 20 period MA (3114.55) but below its 50 period MA (3126.26).

Supports and resistances:

3276.25 **

3245.25 *

3214.5 **

3183.5

3117.1 last

3095

3074.75 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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