Amazon.com intraday: short term rebound

AMZN

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 **

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