Technical analysis AMZN for 08.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 3110. The closest resistance is the level 3155

Key levels

• 3413, 3237, 3110, 3040, 2955, 2825, 2670

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 3155, with Take Profit of 3237 and Stop Loss of 3110

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 3110, with Take Profit of 3040 and Stop Loss of 3155