Amazon.com intraday: short term rebound

Trading Central 2021-02-24 04:52:05

Our pivot point stands at 3175.75.

Our preference: short term rebound.

Alternative scenario: the downside breakout of 3175.75 would call for 3159.75 and 3150.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Amazon.com is trading above its 20 period moving average (3166.7) but under its 50 period moving average (3234.5).

Supports and resistances:

3247 **

3237.5 *

3227.75 **

3218.25

3191.37 last

3182

3175.75 **

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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