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Amazon – still on track

Amazon – still on track

2024/12/01
15:58
JFD Research

JFD Research

JFD Research, Technical Analysis

The stock reached new all-time highs in line with the last main scenario and, with the sustained break of USD 200, has unlocked new potential up to USD 250. The stock continues to be rated as very bullish. The bears currently have no chance.

Only a break below USD 195 should slow the rally, although all upward trends remain intact.

The bears only have a real chance of significantly lower prices below USD 180. The focus would then be on the USD 150 target.

 

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Risk Warning: 59.18% of retail investor accounts lose money when trading CFDs with this provider.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.