AMZN is at 200 ema
August 13, 2021
Amazon is undeniably massive company. a favorite of fund managers to be always in their portfolio.
Looking at the current chart, both investor and trader can benefit from it.
For traders, at the current price, it is near 200ema which is an area of value to consider. a 14.29%
discount from 3,774.81 price. A Stop Loss at 2,920 is 1.5ATR away from 3,021 support
For investors, this level, or current price is an opportunity to accumulate.
Amazon is undeniably massive company. a favorite of fund managers to be always in their portfolio.
Looking at the current chart, both investor and trader can benefit from it.
For traders, at the current price, it is near 200ema which is an area of value to consider. a 14.29%
discount from 3,774.81 price. A Stop Loss at 2,920 is 1.5ATR away from 3,021 support
For investors, this level, or current price is an opportunity to accumulate.
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