- Amazon reversed from support level 210.00
- Likely to rise to resistance level 220.00
Amazon recently reversed from the support area between the key support level 210.00 (which has been reversing the price from June), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from April
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer.
Given the strength of the support level 210.00 and the oversold daily Stochastic, Amazon can be expected to rise to the next resistance level 220.00 (former strong support from September).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。