As the market continues it's "risk-off" sentiment with uncertainty fears from the war in eastern Europe we are seeing less demand for tech stocks.
I do believe that later in the year there will be a lot of cost savings and potentially another stream of revenue from the logistics business
AMZN are building but for now on a technical basis the previous support zone is now a resistance zone meaning a push down to previous supports is likely.
Unless we have a major change in the fundamentals of market sentiment, I don't see AMZN being a good short term bet.
I do believe that later in the year there will be a lot of cost savings and potentially another stream of revenue from the logistics business
AMZN are building but for now on a technical basis the previous support zone is now a resistance zone meaning a push down to previous supports is likely.Unless we have a major change in the fundamentals of market sentiment, I don't see AMZN being a good short term bet.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.