AMZN is still in a bearish trend with the longer day MA higher than the shorter MA seen here using Tradingview's default MA Exp Ribbon template. Using a pitchfork for the downtrend here is holding true and the retracement levels from Dec 18 (low) to Jul 19 (high) is showing confluence with historical support levels. I would like to see Amazon sell off to 1600 or lower.
Latest Earnings was a miss due to increase opex for one-day prime shipping; guidance was also hinting at this opex increase for Q4. Also just lost a the JEDI US government contract to MSFT.
Latest Earnings was a miss due to increase opex for one-day prime shipping; guidance was also hinting at this opex increase for Q4. Also just lost a the JEDI US government contract to MSFT.
Trade closed: stop reached
above the pitchfork helped out with beta movement from overall market surge breaking to all time highs.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.