- Amazon reversed from the resistance area
- Likely to fall to support level 225.00
Amazon recently reversed from the resistance area between the strong resistance level 240.00 (which stopped the sharp uptrend at the start of 2025) and the upper daily Bollinger Band.
The downward reversal from support level 240.00 stopped the previous extended ABC correction (2) from the start of April.
Given the strength of the resistance level 240.00, Amazon can be expected to fall to the next support level 225.00.
- Likely to fall to support level 225.00
Amazon recently reversed from the resistance area between the strong resistance level 240.00 (which stopped the sharp uptrend at the start of 2025) and the upper daily Bollinger Band.
The downward reversal from support level 240.00 stopped the previous extended ABC correction (2) from the start of April.
Given the strength of the resistance level 240.00, Amazon can be expected to fall to the next support level 225.00.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.