Nov. 22 at 1:38 AM
$AMZN: The current market context shows a last close of
$220.69, significantly below the 30-day moving average (MA30) of
$230.19 and the 50-day moving average (MA50) of
$227.77, indicating a bearish trend. The RSI at 19.48 suggests the stock is oversold, which could lead to a potential reversal or bounce in the short term. The 60-day high of
$258.6 and low of
$211.03 further illustrate the volatility and range, with the current price closer to the low.
Directional bias is bearish, but the oversold RSI may provide a short-term buying opportunity. Suggested entry is at
$221.50, with a stop loss at
$215.00 to manage risk. Target 1 is set at
$227.00 (near MA50), and Target 2 at
$230.00 (near MA30), allowing for potential recovery within the established range.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
