These are levels that I'll be keeping an eye on when dealing with AMZN, and I'll revise as price action progresses.
I adapt to the change in money flow.
Fundamentals: "Monday marked the first trading day following Amazon’s (AMZN) 20-for-1 stock split that the company announced on March 9. Amazon shares were revalued to $120 per share, after trading well above $2000 per share prior to the stock split."
I'm projecting price to get around the $60 price point sometime in the near future.
I adapt to the change in money flow.
Fundamentals: "Monday marked the first trading day following Amazon’s (AMZN) 20-for-1 stock split that the company announced on March 9. Amazon shares were revalued to $120 per share, after trading well above $2000 per share prior to the stock split."
I'm projecting price to get around the $60 price point sometime in the near future.
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Anywhere between $100 - $114 I believe that's where price will reverse in bull's favor, but short-lived. We shall see..
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I can see a possible rally to the $120 price point before a reversal takes place in bear's favor. If not there then there's an even bigger range higher up that can for sure stall price. We shall see..
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"Amazon stock tanks 20% after revenue and guidance miss expectations."
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That $80 price point is looking promising 👀
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Looking for a flip around the $110 - $122, and would still like to see it drop to the $60 level.
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$80 price point was hit. If it cannot break the $144, I would look for more bearish momentum.
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The weekly is in a bear leg, currently. It could go to the high end of the curve to not only hit the high (sweep), but also the monthly range right above, which could possibly cause a decline in price. If so, a good target would more than likely be the $91 price point.