Hello Guys and Community!
Check out my Swing analysis for Amazon. AMZN did false breakout and kick stoploss zone. Also is very near to Initial Balance of the year, it's very strong level. I am going to short it on zone's as I wrote on the chart. You can see also key levels which are based on the Market Profile method and Value Areas.
If you look at Amazon's financial statements, you'll find that it's pretty good. Long-term debt holds above 0.61, which is not ideal, but with a company like Amazon and has over 800,000 employees, it is quite possible. Even so, I think that the consequences of the Covid crisis will have greater consequences than it turns out, and we can certainly see different results with further earnings. In terms of technical analysis on Amazon, the volume is gradually declining and the pressure is falling. On the other hand, you can see a lot of untested support in the form of open gaps and key levels.
I will build an investment position in the long from around USD 2,000 unless another wave of crisis occurs and the market falls normally.
I hope this analysis helps you! Have a nice weekend
Check out my Swing analysis for Amazon. AMZN did false breakout and kick stoploss zone. Also is very near to Initial Balance of the year, it's very strong level. I am going to short it on zone's as I wrote on the chart. You can see also key levels which are based on the Market Profile method and Value Areas.
If you look at Amazon's financial statements, you'll find that it's pretty good. Long-term debt holds above 0.61, which is not ideal, but with a company like Amazon and has over 800,000 employees, it is quite possible. Even so, I think that the consequences of the Covid crisis will have greater consequences than it turns out, and we can certainly see different results with further earnings. In terms of technical analysis on Amazon, the volume is gradually declining and the pressure is falling. On the other hand, you can see a lot of untested support in the form of open gaps and key levels.
I will build an investment position in the long from around USD 2,000 unless another wave of crisis occurs and the market falls normally.
I hope this analysis helps you! Have a nice weekend