Amazon (AMZN): Upward reaction expected around 123.80

AAATrade Team AAATrade

Today’s instrument is Amazon.com‘s stock traded on the Nasdaq exchange under the ticker AMZN.

Looking at AMZN ‘s chart, we can see it is traded at around $126, following the market's downtrend. Today we expect it to be traded below its resistance level of around $130 whereas its support level is at around 123.80 where an upward reaction should be expected.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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