Amazon aims to close the gap

31 August 2022 260
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Since the beginning of the second half of August, Amazon shares have been falling as a part of a general market trend. The attempt to start an upward trend on August 24-25 was not successful, and a large gap below caused by the publication of quarterly reports on July 28-29 still remains unclosed.

 

After 3 days long decline, buyers are more likely to activate today, but on the weekly horizon, the main target will be movement towards 122.8.

This content is for informational purposes only and is not intended to be investing advice.

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