AMZN - Falling Trend [MIDTERM]

١٨ مارس ٢٠٢٣

- AMZN shows weak development in a falling trend channel in the medium long term.
- This signals increasing pessimism among investors and indicates further decline for AMZN.
- However, the price has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- AMZN is approaching's resistance at 100 , which may give a negative reaction.
- However, a break upwards through 103 will be a positive signal.
- Overall assessed as technically negative for the medium long term.

*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price

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