Amazon is looking weak and despite the bullish reversal of SPX on Aug 19, Amazon dropped further. Aug 19 is a key reversal date for many stocks.
Not recommended to go long on amazon anytime soon but one could place a short or a bear call spread at 3550 level, which could be safe. Amazon broke 3300 support level and this is bad sign.
Further drops to come
Not recommended to go long on amazon anytime soon but one could place a short or a bear call spread at 3550 level, which could be safe. Amazon broke 3300 support level and this is bad sign.
Further drops to come
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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.
Related publications
Disclaimer
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.