• AMZN is correcting, and there’s no bullish sign indicating a reversal or a bottom on it yet; • Even if it does, the 21 ema is a persistent resistance, and AMZN can’t trade consistently above it since August; • In addition, pay attention to the $101.90 area. This seems to be a key point, as it worked as a support/resistance multiple times recently; • Only if AMZN breaks this key point I see a true reversal on it; • For now, it seems it is just seeking the next support around $85.
Remember to follow me to keep in touch with my daily analyses!