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
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
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.