Amazon.com ST: below its lower Bollinger band

AMZN

Trading Central 2021-02-23 14:40:15

Our pivot point stands at 3342.

Our preference: under pressure below 3342.

Alternative scenario: the upside breakout of 3342 would call for 3481 and 3565.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 3290.2955 and 3231.0518). Finally, Amazon.com is trading below its lower daily Bollinger band (standing at 3188.34).

Supports and resistances:

3565 **

3481 *

3342 **

3287

3180.74 (USD-last)

3010

2928 **

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