Amazon.com, Inc.
做多

AMZN Can it reverse and go LONG

116
Om a monthly chart from Amazon's beginning to the present.

Amazon was in a sustained uptrend peaking in the summer of 2021.

Since then it has retraced down to the Fib 0.5 level. Price

was more than two standard deviations above the long term

anchored VWAP and is now downtrending into a value area.

The volume profile shows three high volume nodes and price

is currently in the middle node, Finally, the volatility on the

RSI indicator has decreased as had the strength itself.

AMZN is likely setting up for a reversal. Now, is a good time

to buy stock or a long term call option. This is a long idea

for investors not traders.

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