AMZN Technical Update 8/23/22
🔸️Ticker Symbol: AMZN 🔸️Timeframe: 4 Hour 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: AMZN is primed for an increase in value as long as we can continue in this bull trend. The price of AMZN is currently testing the bottom deviation level on our regression trend indicator which has acted as a strong level of support in the past. We also have our white line on the bottom dashboard representing money momentum in the green buying stage or accumulation stage which does indicate we could see an increase in value as long as we are heading in an upward direction. The take profit area on AMZN if we do continue in this bull trend would be approx. $140 which is the strongest level of support. Thank you for watching. Have a great day!
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⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: AMZN is primed for an increase in value as long as we can continue in this bull trend. The price of AMZN is currently testing the bottom deviation level on our regression trend indicator which has acted as a strong level of support in the past. We also have our white line on the bottom dashboard representing money momentum in the green buying stage or accumulation stage which does indicate we could see an increase in value as long as we are heading in an upward direction. The take profit area on AMZN if we do continue in this bull trend would be approx. $140 which is the strongest level of support. Thank you for watching. Have a great day!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
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