Amazon stocks haven't yet come out of a steep dive.

  • Oct 05 2021
  • by
  • Analyst AZA
Amazon stocks haven't yet come out of a steep dive.

Amazon stocks haven't yet come out of a steep dive.

The sharp collapse of Amazon stock prices stopped only thanks to the daily support level of 3174.00, which the price is testing for the third time. It is a strong support level and a breakout will mean that the bulls have not been able to stop the bears and a fall in price is inevitable.

Symbol: AMAZON
Order Type: Pending Order - Sell Stop
Entry Price at 3174.00
Take Profit at 3160.00
Pips Earning: 1400

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1590
USDJPY buy at the price of 111.30
GBPUSD buy at the price of 1.3645
USDCHF buy at the price of 0.9275

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Daily technical analysis of the stock market from AZAforex
The profit can be $1400.00 if the trading volume of 100 Shares.
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